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Trader Talk with Bob Pisani

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  Monday, 28 Jan 2008 | 9:18 AM ET

Fed: Big Week, But Will There Be A "Big" Enough Cut?

Posted By: Bob Pisani
This is the week for the Fed; traders are hoping for a 50 bp cut, but some fear only a 25 bp cut. The good news is that mortgage rates have come down, and the yield curve has steepened considerably. »Read more
  Friday, 25 Jan 2008 | 11:35 AM ET

Markets: Why There's Some Weakness Today

Posted By: Bob Pisani
If you're wondering why we are experiencing some mid-morning weakness, it shouldn't come as a big surprise. First, the Dow has rallied almost 900 points in 3 days--time for a rest, already. Two, China has now become the new lead story of "Sunday night selloffs" so lightening up a bit into the weekend is not shocking anyone. »Read more
  Friday, 25 Jan 2008 | 9:14 AM ET

Stimulus Package, Rate Cut: Good Week For Markets

Posted By: Bob Pisani
This has been a good week, with the stimulus package on its way, a 75 bp cut in rates from the Fed, and some hope that bond insurers may be getting some help from insurance regulators. S&P 500 up 2 percent. »Read more
  Thursday, 24 Jan 2008 | 4:46 PM ET

GSE Limit Correction: Good News For Re-Fi

Posted By: Bob Pisani
House Financial Services Committee says Pelosi press release had an error in the GSE limits. It would NOT be $625,000 blanket limit, but what Barney Frank had been advocating earlier: loan limits for GSEs AND FHA would be 125 percent of the local median home price to a maximum cap of $730,000. »Read more
  Thursday, 24 Jan 2008 | 3:17 PM ET

Markets Not Crazy On Stimulus, But Like Raising Loan Limit

Posted By: Bob Pisani
While the Street is somewhat disappointed with the details of the stimulus package (most feel that $300 per person is not going to make a big difference), there is agreement that raising the conforming loan limit for mortgages that Fannie Mae and Freddie Mac can buy to $625,000 from $417,000 is an important development. »Read more
  Thursday, 24 Jan 2008 | 9:09 AM ET

Societe Generale: Did It Alone Create Monday Panic?

Posted By: Bob Pisani
Societe Generale reported a $7.1 billion trading loss due to a rogue trader making bets on stock index futures. While they were making an announcement, they also took writedowns of about $3 billion for losses in the U.S. real estate market and bond insurers. »Read more
  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

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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