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Trader Talk with Bob Pisani

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  Friday, 14 Dec 2007 | 1:17 PM ET

Financial Stocks: When Is It Time To Buy?

Posted By: Bob Pisani
As I have been doing my 2008 predictions, I've talked to several dozen of my best sources about what they are expecting next year. The number one question has been, is this the time to buy financials? So let me take a stab at this. »Read more
  Friday, 14 Dec 2007 | 12:08 PM ET

Citi Getting Mostly Positive Nod From The Street

Posted By: Bob Pisani
Citi taking approximately $45 billion of SIV assets onto its balance sheet today is generating a tidal wave of debate--much of it positive. Mid-morning, Goldman Sachs upgraded Citi's debt (not the stock) to Outperform. Analyst Louise Pitt had this to say: "While we expect further losses from CDO and mortgage exposure in coming months... »Read more
  Friday, 14 Dec 2007 | 9:01 AM ET

Citi's SIV Move Gets Mixed Reviews On Street

Posted By: Bob Pisani
Futures drop about 6 points on CPI stronger than expected. Elsewhere: 1) Following HSBC and others, Citi said that it's bringing its $49 billion in SIV assets on its balance sheet. Taking this exposure onto their balance sheet can be viewed as a surprise--they had previously indicated that they would not take on any exposure beyond the $10 billion in liquidity funding they provided to the SIVs. »Read more
  Thursday, 13 Dec 2007 | 10:31 AM ET

Markets Could Have That "Positive Feeling" Today

Posted By: Bob Pisani
How will the markets trade today? There are several positives: strong retail sales, LIBOR rates down slightly, lack of negative earnings commentary. Drew Matus at Lehman Brothers notes that the strong retail sales... »Read more
  Thursday, 13 Dec 2007 | 9:18 AM ET

PPI Shows Inflation Still Strong, But LIBOR Rates Are Down

Posted By: Bob Pisani
LIBOR rates are down today, admittedly only slightly; but it's a start. Asian markets closed down about 2 percent; Europe also down about 2 percent. Retail sales and jobless claims good, but Producer Price Index indicates wholesale inflation stronger than expected. »Read more
  Wednesday, 12 Dec 2007 | 4:38 PM ET

Market Sell-Off Shows Traders Are "Confused"

Posted By: Bob Pisani
Selling in the last hour came back with a vengeance today. Tell me, what does it mean when the Dow is up about 80 points at 3 PM ET, then drops 180 points in 10 minutes, then rallies back to end up about 40? It means traders are confused. Confused by the Fed and why they did not make the announcement yesterday, confused by the headwinds they are facing with weaker earnings and a weaker economy. »Read more
  Wednesday, 12 Dec 2007 | 2:16 PM ET

Trader Talk with Bob Pisani

Posted By: Bob Pisani
Here they are, my predictions for 2008, as part of our Outlook 08 coverage. And make sure you vote on which ones you think will happen. 1. The dollar will stage a major rally The Bank of England has just cut rates and ECB will do so shortly. »Read more
  Wednesday, 12 Dec 2007 | 10:57 AM ET

Fed Liquidity "Pump" Could Produce Year End Rally

Posted By: Bob Pisani
Is the Fed actions to pump liquidity into the system a deal changer? The coordination with other central banks is certainly impressive, but more importantly it increases the chances for a rally into the close of the year. »Read more
  Wednesday, 12 Dec 2007 | 9:52 AM ET

TAF Program: Need Money? Go To Them

Posted By: Bob Pisani
Today, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank announced a joint agreement under what is being called the Term Auction Facility (TAF) program. »Read more
  Wednesday, 12 Dec 2007 | 9:12 AM ET

Bank of America, Wachovia: A Down (Grade) Day

Posted By: Bob Pisani
Bank of America says their fourth quarter results will be "disappointing" and there are more write-downs coming due to exposure to collateralized debt obligations (CDOs). They will likely not be buying back stock until 2009. Down 2 percent pre-open. »Read more

About Trader Talk with Bob Pisani

  • 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, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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