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Trader Talk with Bob Pisani

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  Monday, 22 Oct 2007 | 4:11 PM ET

Modest Rally Is The Perfect Reaction

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And the bell rang and what happened was a very modest late day rally. Perfect. A big selloff, and fear levels would go way up. A big comeback, and the bears--who have gained a great deal of traction in the past week--would be throwing stones immediately. Very modest rally is just the right reaction. »Read more
  Monday, 22 Oct 2007 | 12:24 PM ET

Schering Plough: Why It's Down And Merck's Up

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Here are my thoughts so far today: 1) As expected, sloppy trading--weak open, modest rally, sell into rally. The crowd yelling "oversold" cannot drown out the great majority, who feel it is not really worth it to be a hero until things settle down. »Read more
  Monday, 22 Oct 2007 | 12:25 PM ET

Stocks Ready To Stabilize?

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Traders expecting a sloppy day, with weakness at the open, but many are anticipating an attempt to stabilize right after that: others insist there is no reason to step in and be a hero on the long side. »Read more
  Friday, 19 Oct 2007 | 5:15 PM ET

Lowered Expectations Sweeping Street

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AmEx on Monday will tell us about how consumer spending looks, but the pattern is clear: CEOs are talking down expectations. Sound familiar? They did this before! At the end of Q1, there were all sorts of comments from CEOs not to expect much in Q2 and Q3. »Read more
  Friday, 19 Oct 2007 | 11:37 AM ET

Markets Are Down And Here's Why

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We are down today and here's some of the explanation: energy and industrial companies are emphasizing the slowdown in the U.S., while noting growth overseas. This is causing traders to question earnings assumptions for Q4 and 2008. »Read more
  Friday, 19 Oct 2007 | 9:28 AM ET

Caterpillar, 3M: Global Growth Eases Pain

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As with Union Pacific, Caterpillar came out with very cautious commentary. Caterpillar's third quarter earnings were slightly below expecations, and they lowered 2007 outlook (down 3% pre-open), but the name of the game is to lower expectations overall. »Read more
  Thursday, 18 Oct 2007 | 2:23 PM ET

Earnings: More To Come, But Better News?

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I know what you're thinking...man, when is earnings season going to end? We're only through one-fourth of the S&P 500 earnings, and it seems like it's been going on...forever. It's a little bit of an illusion. The problem is that, as Nick Raich points out, the first part of earnings season »Read more
  Thursday, 18 Oct 2007 | 11:45 AM ET

Bank of America: Troubles Might Just Be Starting

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Midday observations: Bank of America joining Citi in essentially announcing they are eliminating their share buyback program (to be technical, the headline said "only limited share buybacks until late '08"). It's likely that their hefty $2.56 dividend (5.3% yield) is safe, for the time being. »Read more
  Thursday, 18 Oct 2007 | 9:46 AM ET

Stocks: Familiar Problems, Familiar Struggles

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Stocks are struggling with familiar problems this morning: 1) The Yen has rallied against the dollar and other currencies, again reviving concerns about the yen carry trade unwinding; European equities are lower. »Read more
  Wednesday, 17 Oct 2007 | 4:16 PM ET

Dow Feeling Some Pain But There Is Good News

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Here's what we have today: 1) Fed Beige Book a little more downbeat, talking about slower growth and softer consumer, but noting that global growth remains strong. »Read more

About Trader Talk

Direct from the floor of the NYSE, Trader Talk with Bob Pisani provides a dynamic look at the reasons for the day’s actions on Wall Street. If you want to go beyond the latest numbers— Bob will tell you why the market does what it does and what it means for the next day’s trading.
  • A CNBC reporter since 1990, Pisani reports on Wall Street and the stock market from the floor of the New York Stock Exchange. Follow him on Twitter @BobPisani.

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