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.
Tough end to the week. For the first time in months, the last two days has seen some notable call buying in the CBOE Volatility Index (VIX) — in other words, traders are buying volatility. Also a notable uptick in the put/call ratio (the ratio of put buying to call option buying). Why?
Oh, calm down. Worries about an imminent correction are a bit overblown, at least at this point. The S&P 500 hit a 15-month high of 1150—on Tuesday! A correction is a decline of 10 percent—the S&P would have to drop to 1035 to be in that territory...
Great news! We're growing too fast. China's GDP surged 10.7 percent in the fourth quarter compared to the same period a year ago, above expectations of a gain of 10.5 percent. Economic growth for 2009 came in at 8.7 percent. The minimum usually cited to continue to create jobs is 8 percent, so by any measure China is in good shape (assuming the numbers are accurate).
He said, said she said...Chinese bank official denies banks told to stop lending in January. Global stocks have been down today on widely published reports that Chinese authorities are are finally serious about cooling off the asset (commodity and real estate) bubble that has developed in China.
Chatter about what the Fed's next steps will be has shifted from when it will hike to when it will offer stimulus.
For years, Piper Jaffray has been one of the biggest bulls on Wall Street, and with good reason.
Mohamed El-Erian said Monday stocks must fall much further before investors can be coaxed back into the market.