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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Traders are in agreement on two points: 1) We are not trading on fundamentals. Forced selling is causing many stocks to trade well below fundamental values; 2) traders do not have faith in 2009 earnings projections, which is making it difficult to value stocks.
The issues are: 1) forced selling & redemptions in the last hour 2) continuing uncertainty in credit markets
S&P futures are up 19 points, and while many think this is because Treasury is actively shopping the idea they will take an ownership stake in U.S. banks, bear in mind that the market now routinely swings in 20 plus point ranges in a day, and often overnight, so futures up 15 is not even unusual any more.
Late in the day Treasury Secretary Paulson did disappoint traders by saying it would take several weeks before Treasury would buy assets, but he also mentioned the powers to inject capital into financial institutions that the Treasury now has.
Four observations: 1) Markets rallied midday on comments from Mr. Trichet in Europe-he said they would "take appropriate decisions at any time." Traders interpret this to mean that Mr. Trichet is now clearly in the rate cut camp, and to providing "unlimited" liquidity.
Retailers struggle with elevated promotions, nimble competitors and kids' preference of tech over clothes.
It's the biggest complaint of the trading community this year: where has all the volume gone?
Alibaba filed an amended statement this morning, but investors are still waiting to see the IPO terms.
Emerging markets are gathering steam, a sign of the U.S. rally's global heft.
Wharton's Jeremy Siegel just introduced a caveat to his perennially bullish outlook for the markets.
September is typically not good for the market, says NYSE floor trader Kenny Polcari. Is there pain ahead?
Bove sees a scenario in which long-term financing that has come with fixed interest rates is endangered as mortgage buyers dry up.