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.


  • I can't prove this, but I believe it — I think that at the margins, high frequency trading exacerbates the price swings on high volume days. But that doesn't mean I think high frequency trading is the source of all our problems.

  • "How am I supposed to trade on this?" one befuddled trader said to me. He was referring to the fact that S&P futures had swung in a 50-point range(!) overnight.

  • The market initially didn't care for the statement because there was no real catnip.

  • At this run rate, we're not going to do 8-10 billion shares in total volume in NYSE stocks, like we have recently. But we will do well north of 5 billion, still better than the roughly 3.8 billion on a typical day.

  • "How am I supposed to trade on this?" one befuddled trader said to me. He was referring to the fact that S&P futures had swung in a 50-point range(!) overnight.

  • Man vs. Machine - A CNBC Special Report

    "It's pretty simple," he said. "About 53 percent of my trades are winners, 47 percent are losers...we make a penny [gross revenue] on each winner, so you can figure out my profits if you know the volume...but on any given trade, it's a coin toss as to whether we make anything."

  • There is no clear catalyst, but a couple of observations...

  • I was on the phone with one of the oldest traders I know (up 6 percent this year) as the Dow hit down 500 a short while ago. "Hold on, I gotta call you back," he said. When he did, 15 minutes later, he had covered all his shorts.

  • Taking back the QE2 rally...we have now lost half the rally in the S&P 500 that occurred from the Jackson Hole speech by Mr. Bernanke at the very end of August, 2010, to the highs at the end of April of this year.

  • Reports that the ECB may be on the verge of a deal with Italy to buy Italian bonds in exchange for a balanced budget amendment, and labor, welfare, and infrastructure reform have reversed the markets, with a 40-point move in the S&P 500 in little more than an hour.

  • 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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