A CNBC reporter since 1990, Bob Pisani has reported on Wall Street and the stock market from the floor of the New York Stock Exchange for more than a decade. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before moving to the New York Stock Exchange in 1997.
He was nominated twice for a "CableACE Award"—in 1993 and 1995.
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, Bob 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.
This morning (Monday), Lowry, the US' oldest technical analysis service, echoed this theme, telling clients that "the temptation may be strong to conclude that perhaps, just this once, things are, in fact, different and the market has fallen into a new bear trend without the historical forewarnings of a major top."
Euro weaker again as the Bank of Spain is taking over CajaSur, a thrift that has high levels of property loan defaults. While Europe is weaker, it has come off their lows, as have U.S. stock futures. Oil higher, copper higher, gold higher. Elsewhere: Still trying to figure out where the financial regulatory bill will come down...
What’s ahead? Traders expecting choppier markets for the rest of the year. Remember what happened: going into May, traders were not only long the market, they were short volatility... Now the volatility bets are off. They were forced to buy volatility for the past couple weeks, culminating in a buying frenzy this week.
Germany's parliament approved the $1 trillion effort to stabilize the euro, though the opposition Social Democrats voted to abstain. The German contribution will be about $183 billion, as well as a $22.4 billion euro contribution to Greece. The US Senate passage of their version of the financial reform bill still creating uncertainty...
How much would the SEC single-stock circuit breaker have helped on the big market drop on May 6? Jeff Rubin at Birinyi Associates put out an interesting note this afternoon, about what would have happened on May 6 if the SEC single stock circuit breaker had been in effect.
The markets have come off their lows as the euro has rallied against the dollar, yen, and Australian dollar. The rumor is of intervention...maybe, but last time the ECB itself intervened was years ago...it is possible that constituent banks like the Bundesbank or the Swiss National Bank may have intervened, but even then it is a fairly rare occurrence.
I have been asked if the single-stock circuit breaker rules that were recently proposed by the SEC are in effect. The answer is no. The SEC stated that there would be a 10-day public commentary period on the new rules once they are published. ... The rules have not yet been published in the Federal Register, so the 10-day comment period has not even started.
Would it be better if Greece got out of the EU? The euro rallied today, and while there were rumors of intervention by the ECB that certainly helped, a number of traders noted that rumors that Greece might leave the ECB (later categorically denied by a government spokesperson) was viewed as a potential positive for the EU...and the euro.
The first day of the week normally comes with the announcement of a merger or two, but these days a more appropriate moniker might be "Manic Monday."
With banks about to report on how much money they've been making, estimates are moving in the wrong direction.
Barclays plans to appoint former JPMorgan banker Jes Staley as its new CEO, the FT reports.