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.
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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Volatility with no volume. That's what we got today. The Dow swung in a 600 POINT RANGE, but volume was about half what it was at the end of last week.
Futures are practically unchanged, with many traders noting this morning that hedge fund and mutual fund companies are continuing to see redemptions, and the profit outlook is still poor. As a result, there is debate about how strong buying interest will be here.
We saw the mother of all short coverings at the open, fueled by the government's proposed RTC-type bailout, the ban on short selling in financials, and a quadruple witching expiration.
The American Bankers Assocation has objected to the plan to guarantee money market funds on the grounds that it will REDUCE deposits in the nation's banks. Huh? I just got off the phone with them, here's their reasoning...
Throw into the pot a: 1) ban on short sales in financials, with 2) an announcement of an RTC-type organization to buy the bad debt; 3) sprinkle in a quadruple-witching expiration, and you have a stew of volume and volatility like no one has ever seen.
Traders are fretting that copper and China may be harbingers of things to come.
Copper continues to crumble amid China growth worries and a weak Yuan.
A high-frequency trader going public has skeptics, but there are reasons why the top for that industry isn't near yet.
China sees biggest drop in exports in four-and-a-half years and the biggest trade deficit in two years, weighing on stocks.
Obama's approval rating may be low, but he still attracted big money Democrats at a fundraiser in Manhattan.
Wall Street's average cash bonuses hit the third highest on record, New York state's comptroller said on Wednesday.
A U.S. judge ordered Fabrice Tourre to pay more than $825,000 after a jury found him liable for defrauding investors.