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Trader Talk with Bob Pisani

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  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
  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

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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