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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The markets have just turned positive, despite weakness overseas and disappointing Chicago PMI data. Keep in mind, the Dow hasn’t posted 2 consecutive days of gains in over a month.
The Dow has traded in a “tight” 290-point range today. Sound familiar? Well, that’s what happened yesterday, too… until the last hour of trading when the markets’ volatility reappeared, especially in the last few minutes of the trading day.
Talk about a disappointment. The Dow moved over 400 points in about 5 minutes into the close. This is not easy to sort out, but most traders put the bulk of the blame for the sell-off on purported comments from General Electric (our parent network) CEO Jeff Immelt that he wants to keep 2009 profit expectations even if revenues fall 10 to 15 percent.
At the Securities Industry and Financial Markets Association conference, in the middle of a debate with CEOs from four of the largest financial firms in the country, an entire room full of securities professionals began nervously checking their BlackBerrys at 3:58 to see how the market was closing.
NYSE CEO Duncan Niederauer and NASDAQ CEO Robert Greifeld are often at odds, but they delivered very similar remarks in back-to-back speeches at the securities industry conference this afternoon.
This is the first paragraph/short story.
Ian Harnett, a European analyst at Absolute Strategy Research, believes stocks will rally another 20 percent in 2014.
Facebook and Apple initially cheered markets, but the bounce didn't last long.
Michael Yoshikami is no Apple fanboy but he thinks the company's innovation pipeline did not die with Steve Jobs and it's ridiculous to say otherwise.