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Trader Talk with Bob Pisani

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  Tuesday, 11 Dec 2007 | 4:05 PM ET

Fed Cut: Markets Not Liking Move At All

Posted By: Bob Pisani
This is not what the markets wanted. The Fed cut 25 basis points on both the fed funds rate and the discount rate. I said markets would sell off if there was not either 1) aggressive rate cuts (50 basis points), and/or 2) aggressive statements that the Fed would do all it could to forestall the crisis in the credit markets. »Read more
  Tuesday, 11 Dec 2007 | 1:01 PM ET

Financials: Will A Sovereign Wealth Fund Provide Rescue?

Posted By: Bob Pisani
Quote of the day comes from David Rosenberg, economist at Merrill Lynch, who noted, "There is widespread belief that no matter how bad the news is in the financial sector, there is a sovereign wealth fund out there ready to backstop the stock price." »Read more
  Tuesday, 11 Dec 2007 | 12:03 PM ET

Fed: 25 Points Might Not "Cut It" With Markets

Posted By: Bob Pisani
A quarter-point cut in the Fed Funds rate may not be enough for the markets. Admittedly, much will depend on the wording, and aggressive commentary that the Fed will cut as needed to deal with the credit crisis will no doubt help. But those calling for more aggressive action clearly have seized some of the rhetorical high ground. »Read more
  Tuesday, 11 Dec 2007 | 11:52 AM ET

GE: Analysts Say Company Faces Some "Headwinds"

Posted By: Bob Pisani
General Electric, our parent company, hosting its Annual Outlook Meeting today. Most traders believe they are likely to reiterate their 10 percent + EPS growth targets and remain upbeat about global growth. Consensus estimate for 2008 is $2.49, up 13.1 percent from 2007 estimates. »Read more
  Tuesday, 11 Dec 2007 | 9:18 AM ET

Fed Watch: Is It A 25 or 50 Point Cut?

Posted By: Bob Pisani
How aggressive will the Fed be? They are expected to cut 25 basis points and many are expecting a 50 basis point cut in the discount rate. Some are also expecting new innovations to encourage banks to use the discount window. »Read more
  Monday, 10 Dec 2007 | 4:34 PM ET

NYSE, AmEx: Outline Of A Potential Deal

Posted By: Bob Pisani
I said I was out of the office today, but I had to blog. I told you last week about persistent buzz that the NYSE was interested in acquiring the American Stock Exchange. NYSE CEO Duncan Niederauer had no comment on this when I asked him about it on air a week ago, but the buzz remains very persistent. »Read more
  Monday, 10 Dec 2007 | 10:53 AM ET

My Day Away From The Markets

Posted By: Bob Pisani
I am away from the "office" today so no blogging from the market floor. I will return tomorrow with new posts, so see you then. »Read more
  Friday, 7 Dec 2007 | 4:46 PM ET

Bush Mortgage Plan: Markets Debate About Long Term Affects

Posted By: Bob Pisani
While the Bush mortgage plan reduces uncertainty short term, it has created considerable debate about the long-term implications, particularly for buyers of mortgage-backed securities. Recognizing that buyers of ARM securities were anticipating receiving a higher yield (and many now will not), Raymond James noted that... »Read more
  Friday, 7 Dec 2007 | 10:25 AM ET

Stocks: A Week's Benefits From Financials, Jobs Report

Posted By: Bob Pisani
Big week for equities: S&P up 2.0 percent, volatility (as measured by the CBOE Volatility Index) is down 10 percent to about where it was in October. Here’s why: 1) The Bush mortgage plan has reduced short-term risk in financials. »Read more
  Friday, 7 Dec 2007 | 9:12 AM ET

Stocks Should "Work Well" Over Job Report

Posted By: Bob Pisani
At 94,000 jobs, the payroll report came in near expectations. This is good for equities; as it leaves rate cuts on the table but still indicate job growth is well below where it was a year or so ago. Low growth, not a recession (yet), is about as good as we can expect right now for equities. »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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