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.
Anheuser Bush is coming out of the S&P 500 (bye-bye old friend! It will no longer be traded at the NYSE; InBev trades in Brussels). The market cap of Anheuser Bush is about $50 billion. Therefore, $50 billion will be disbursed to the shareholders.
If you believe the top-down strategists, the stock market right now is NOT CHEAP. Don't buy. This matters, because the most bearish strategists have been the most correct ones this year. Therefore, these bearish strategists have the most clout. For now, traders believe them more than the more bullish analysts.
It's not just the auto and auto parts makers that want in on the TARP program! At last count, the mayors of Philadelphia, Phoenix, and Atlanta are also asking for money. Who's next? Well, the Detroit Lions are 0-10 (I kid you not)...they could use a little...something?
Down morning, afternoon rally, late day selloff...try making sense of this. Bottom line is there was tremendous technical damage done this week. The NASDAQ hit a a closing low (5-year low) on Wednesday, while the S&P 500 hit an intraday low (also a 5-year low) yesterday.
Shrugging off grim outlooks by Intel spacer and Wal-Mart as well as a disappointing jobless claims number, investors bought heavily into the market shortly after the S&P 500 fell through its October 10 low midday. Take a look at how some of the sectors closed above their session lows today:
Most analysts have rarely met a stock they didn't like, or at least weren't willing to hang out with for a while.
Some energy-linked stocks have sold off unfairly, presenting a good buying opportunity, according to a renewables pro.
The U.S. may not be as strong as investors think because it is growing overly dependent on the consumer for economic growth, Jim O'Neill tells CNBC.