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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Volume is on the light side; there are not a lot of sellers, just a lack of buyers who are having trouble talking themselves into buying stocks when corporations are coming out with lower first quarter guidance and lower or no guidance for the rest of the year.
Surprise! Retail sales for January, up 1 percent, was significantly stronger than the decline of 0.8 percent expected, particularly after 6 straight months of declines. The main theme remains: 1) lower-than-expected guidance for the first quarter, and 2) almost no visibility beyond that, with many companies simply declining to provide guidance.
It's a little frustrating to listen to Congresspeople grill the bank CEOs with variations on the question, "What did you do with all the money we gave you?"
Japan's Government Pension Investment Fund said it will put half its assets in stocks and cut its holdings of government bonds.
The NYSE's Securities Information Processor, which consolidates quote and trade data for NYSE-listed stocks, went down Thursday.
Stocks are up despite weak market internals. Much of the Dow's gain is due to Visa and utilities are leading the S&P.
The Federal Reserve upgraded its outlook for the U.S. economy, but business and real estate investment and personal consumption dropped.
The former Fed chairman said the central bank is sitting on "a pile of tinder," and made several other colorful observations.
The midterm elections could pack some surprises for markets Tuesday.
What waits on the other side—asset bubbles, inflation, still greater wealth disparity—remains, of course, an issue for another day.