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.
Follow Bob Pisani on Twitter @BobPisani.
"It's dead, Bob. Like Disco." That was the response of one trading desk to my usual round of middday email asking how business was doing and what was moving. Technically, there is a specific problem with the market: for the last six weeks, natural buyers have almost disappeared.
Dow Jones just announced a change in the Dow Jones Industrial Average. Chevron and Bank of America will replace Altria and Honeywell. Chevron is making a second tour; it came out in 1999. Last time there were changes in the Dow was April, 2004, when AIG, Pfizer and Verizon replaced the old AT&T, Eastman Kodak, and International Paper.
One of the most fascinating things to watch as a Wall Street reporter is the emergence of new technologies, and attempts to fund them. Biotech was the big one a decade ago, but now there are others: robotics, genetics, artificial intelligence, and now nanotechnology.
The good news is that we broke the three day jinx and did not end at our lows for the day. More good news: retailers for the most part did not drop, despite poor January sales. The bad news: a stronger midday rally was quashed. Worse, selling intensity picked up notably at the top, which occurred right after 2 PM ET.
What caused the big market drops that began in August of last year? There’s a fascinating interview with Andrew Lo, director of MIT's Laboratory for Financial Engineering, in the new issue of Technology Review.
Global strategists at Citi have found what they think are the "seven remaining value trades."
BlackRock's chief investment strategist says investors are smart to be nervous but still have to buy stocks.
Scoff if you like but bitcoin, despite its myriad detractors, is getting an increasing level of focus in high finance.