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.
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This may be the pause that so many have been predicting. My trader email this afternoon is full of the following quotes: "profitable trades coming off", "raising cash again," "certainly starting to get more sellers," "people taking profits." Volume is heavy for the third day in a row.
Yesterday was another 90 upside day (where 90 percent of the volume was on the upside), which, according to Lowry, is the eighth 90 percent upside day since the market bottom on March 9th. The S&P 500 is now positive for the year, the Dow Industrials still down 4 percent.
Bullishness rises, and that's bad news for the rally. I've been away in New Orleans for a few days, and my email are stuffed with more optimistic commentary from traders-about Bernanke's testimony, about better economic news. The message seems to be that recovery is coming sooner than expected.
Futures look to start the week cautiously higher this morning. Some optimism out of China today for a forthcoming economic recovery. The country’s purchasing manager index report showed manufacturing expansion for the first time since July. China’s Shanghai Composite Index closed at its highest level since mid-August, while Hong Kong’s Hang Seng Index finished the day at 7-month highs.
Retailers struggle with elevated promotions, nimble competitors and kids' preference of tech over clothes.
It's the biggest complaint of the trading community this year: where has all the volume gone?
Alibaba filed an amended statement this morning, but investors are still waiting to see the IPO terms.
Emerging markets are gathering steam, a sign of the U.S. rally's global heft.
Bank of America asked a federal judge to throw out a verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit.
An influential U.S. financial services industry group is downplaying concerns about possible breaches at JPMorgan Chase and other banks.
Since 1950, September is the worst performing month for the S&P 500 index.