Trader Talk with Bob Pisani

Bob Pisani

Bob Pisani
CNBC "On-Air Stocks" Editor

A CNBC reporter since 1990, Bob Pisani has covered Wall Street and the stock market for nearly 20 years. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before becoming Stocks Correspondent in 1997.

In addition to covering the global stock market, he also covers initial public offerings (IPOs), exchange-traded funds (ETFs) and financial market structure for CNBC.

In 2013, he won Third Place in the National Headliner Awards in the Business and Consumer Reporting category for his documentary on the diamond business, "The Diamond Rush."

In 2014, Pisani was honored with a Recognition Award from the Market Technicians Association for "steadfast efforts to integrate technical analysis into financial decision making, journalism and reporting."

Prior to joining CNBC, Pisani co-authored "Investing in Land: How to Be a Successful Developer." He and his father taught a course in real estate development at the Wharton School of Business at the University of Pennsylvania from 1987-1992. Pisani learned the real estate business from his father, Ralph Pisani, a retired real estate developer.

Follow Bob Pisani on Twitter @BobPisani.

More

  • Two weeks ago, hedge fund traders were screaming that they couldn't make any money because of those damn "machines" (which is short for "high frequency traders" or "algorithms" or "anything I don't understand"). This week, the bogeyman is the lack of an uptick rule.

  • The trucks are gone out front of the New York Stock Exchange. Two weeks ago, Broadway was a sea of TV trucks...Friday, there is a lone truck on a side street. What happened? Has the media lost interest?

  • Right now, the run rate for the NYSE Consolidated Tape (all trading in all NYSE stocks) is about 5.5 billion. That is well below the 8-10 billion level we have seen on similar down days during the last two weeks.

  • Gee, isn't this good news? I mean, we all know that PCs are a low-margin business. Heck, IBM got rid of their PC business and never looked back.

  • Gold

    According to the report, global consumers bought 919.8 metric tons of gold in the second quarter, a decrease of 17 percent compared to the same period in 2010, and a decline of about 5 percent from the first quarter.

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    There were several issues weighing on stocks this morning, including a hotter-than-expected consumer price report.

  • This is clearly a case of seller exhaustion, but we are seeing very little buyer enthusiasm. In other words, after the big dropoff markets have drifted up on oversold conditions, and on some attempting to pick up a few bargains.

  • So much for blaming the volatility on high frequency traders: stock investors took $30 billion out of stock mutual funds (domestic and foreign) for the week ending August 10, according to the Investment Company Institute.

  • earnings_central_badge.jpg

    Wrong again: Traders Tuesday believed that Europe would be down 2 percent on what was termed a "disappointing" press conference with Merkel and Sarkozy. Wrong.

  • "If it's anything like what Reps. Perlmutter & Defazio proposed in 2009, it would put us and virtually all quant traders out of business overnight," a high-frequency trader wrote.

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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