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.

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  • The Federal Reserve chairman was discussing this in the context of what might happen if the European debt crisis worsened and there was a run on the U.S. financial system.

  • "Technical revisions"? Jean-Claude Juncker has opened the door to renegotiating Greece's debt. European stock markets are down again today on good news: The European leadership is now openly acknowledging that they will be renegotiating the outdated agreement to restructure Greece's debt .

  • Is there a better way to address volatility than the current single stock circuit breakers? Maybe.

  • Take companies that are underperforming their sectors, and even a couple industries underperforming the S&P 500, and press them. Shorts are very active today.

  • European bourses are down 2 to 3 percent, as Greece announced it will miss its deficit targets for the year and next. The 2011 deficit is now 8.5 percent of its gross domestic product, while the target set by the troika was 7.6 percent. Next year’s deficit is expected to be 6.8 percent, also missing the target of 6.5 percent. The result of all this austerity? Greece’s economy will shrink 2 percent in 2012.

  • As we end the worst quarter for the S&P 500 since Q4 2008, everyone keeps asking: what is causing all the volatility?

  • Global stocks are weaker on softer economic reports: In China, the HSBC/Markit index remained at 49.9, still in contraction territory. Industrial production in South Korea also fell by 1.9 percent in August, more than expected.

  • Professional traders, who make their living going long and short baskets of stocks, feel like they have a wobbly bowling alley installed in their brains. Every single strategy seems to be losing.

  • We're gonna need a bigger boat. Two days in a row, open up, sell right into it. And this was on a day when the news was pretty good: Germany approves the EFSF, and a decent weekly initial jobless claims. We need a resolution.

  • A rally, but not an enthusiastic one. The Dow saw its gains cut in half in less than an hour, but then recovered. Financials holding, as are consumer and utilities.

  • 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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