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.
European markets have closed. Global stocks have been weak this morning on reports that yields have increased on Greek bonds, as well as bonds of Portugal, Spain, and Italy.
Stocks off their highs, and no surprise. Mid-afternoon Tuesday, and just like yesterday (and many other days), when there are modest gains on light volume...closing out positions usually means stocks drift lower. We drifted higher throughout the day on very mixed news...But professional traders have become largely momentum traders, and they don't like the momentum.
Bernanke may be reconfirmed, but stock traders feel that significant damage has already been done to the perception of the Fed's independence. Traders fear that after this blame-the-Fed-for-everything populist uprising, both the Fed AND Treasury will get more political. The biggest worry now..?
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?