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Trader Talk with Bob Pisani

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  Wednesday, 23 Jan 2008 | 11:44 AM ET

"Shorted" Groups Are Strong Performers--So Far

Posted By: Bob Pisani
The sword-catchers are out there. There is a rotation going on: out of tech, pharma, commodities and into retail, financial. Funny day as it's another day of strong performance from the two most heavily shorted groups--financials and retailers. Again, clearly related to short covering, because these are the two most heavily shorted groups on the Street. »Read more
  Wednesday, 23 Jan 2008 | 11:15 AM ET

Markets Facing Difficult Days Over Earnings

Posted By: Bob Pisani
Vague rumors are again moving markets today. Europe is weak (down 5 percent) on concerns of additional losses from major banks, as well as the failure of Europe to cut rates. Thank you, Apple, because you have reminded us of something the bears keep bringing up: that we are faced with three weeks of potentially difficult earnings guidance. »Read more
  Tuesday, 22 Jan 2008 | 4:07 PM ET

Markets: The "End Of The Beginning" For A Bottom?

Posted By: Bob Pisani
This was a big day. The Dow rallied more than 300 points off its initial lows; we essentially moved sideways since one hour after the open. What does it mean? The most important development is we have broken the "sell on the rally" mentality; »Read more
  Tuesday, 22 Jan 2008 | 9:31 AM ET

NYSE Invokes Rule 48

Posted By: Bob Pisani
This morning the NYSE has invoked Rule 48, a rarely-used rule that allows the NYSE to suspend the requirement to disseminate price indications at the open. This makes it easier and faster to open stocks. »Read more
  Tuesday, 22 Jan 2008 | 8:54 AM ET

Market Reaction: Traders Want MORE Cuts From Fed

Posted By: Bob Pisani
If the market got what they wanted with a 75 bp cut by the Fed, why hasn't there been a stronger reaction? Futures initially rallied 40 points, but have fallen back again. There's two separate issues here: »Read more
  Tuesday, 22 Jan 2008 | 8:37 AM ET

Despite Rate Cut, Sell On Rally Still Prevails

Posted By: Bob Pisani
While futures are at their lows, you would think that traders would have been in for hours, trading heavily. But volume is not that heavy; Chinese stocks down 10 percent-20 percent, and energy and material stocks are down 5 percent to 10 percent--but on light volume. »Read more
  Tuesday, 22 Jan 2008 | 8:19 AM ET

The Past Economic Three Crises: What We've Learned

Posted By: Bob Pisani
I've been with CNBC since 1990, and have lived through and reported several financial crises. Each time, the economy recovered, but each one was a little different. A brief synopsis of three of these crises and what we learned. »Read more
  Tuesday, 22 Jan 2008 | 7:09 AM ET

What Traders Want Today

Posted By: Bob Pisani
Patience and courage. That is what is needed here. I have covered market panics in 1990, 1997, 1998, and 2001, and each time, after much wailing and gnashing of teeth, the sun rose the next day and the markets recovered. »Read more
  Friday, 18 Jan 2008 | 2:00 PM ET

Markets: Why They're "Bored" Even With Stimulus Package

Posted By: Bob Pisani
Why are the markets yawning even though the President has announced a stimulus package? The reason is that 1) The extent of the consumer slowdown is uncertain, and 2) The extent of the global slowdown is uncertain. »Read more
  Friday, 18 Jan 2008 | 12:05 PM ET

Markets Want: More Cuts, More Stimulus, More Of A Bottom

Posted By: Bob Pisani
So where are we? The markets yawned at the President's stimulus plan, which is short on details; we are now at the lows of the day, the month, the last 52-weeks on the S&P 500. Any stimulus plan is good news, but the problem is the Street wants MORE: more stimulus, more cuts, more fear--more sense of a bottom that really is not yet present. »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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