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Trader Talk with Bob Pisani

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  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
  Thursday, 6 Dec 2007 | 3:22 PM ET

Stocks Heating Up Over Mortgage Freeze Plan

Posted By: Bob Pisani
Stocks have gained steam in the last hour, but particularly after 2:30 pm as Fed Chairman Bernanke came out and gave his blessing to the plan. Why? Because stock traders are pragmatists. Is the Bush mortgage plan a "rational response" or a "bailout?" »Read more
  Thursday, 6 Dec 2007 | 3:01 PM ET

Mortgage Plan Brings Rally For Homebuilders

Posted By: Bob Pisani
Well. We haven't seen this kind of ideological food fight in a long time. The battle among traders about whether President Bush's plan is a rational response to the crisis or an unconscionable bailout is really beside the point. The central problem is that freezing adjustable mortgage rates is not a long-term solution to even the ARM problem. »Read more
  Thursday, 6 Dec 2007 | 12:06 PM ET

Markets "Feeling Good" On Jobs, Mortgage Plan

Posted By: Bob Pisani
Major indices at their highs for the day. Helping today: Initial jobless claims roughly in line with expectations. Bush/Congress tackles mortgage issues. SIVs less a problem? »Read more
  Thursday, 6 Dec 2007 | 9:17 AM ET

Bonds Under Pressure From Credit Problems?

Posted By: Bob Pisani
Are bonds about to lose their flight-to-quality premium? The Fed, the executive branch, the legislative branch, and now even the Bank of England (which cut its key rate a quarter point to 5.5 percent) are working to resolve credit problems. The 10-year is looking toppy here. »Read more
  Wednesday, 5 Dec 2007 | 9:40 AM ET

Market Looks To Jobs, As Financials Still Face Troubles

Posted By: Bob Pisani
Futures up a bit on the strong ADP report. This is a clear sign that the market wants a decent jobs report, even if it might slightly reduce the chance of an aggressive Fed rate cut. As noted yesterday, financials analysts are now cutting 2008 estimates. »Read more
  Tuesday, 4 Dec 2007 | 1:24 PM ET

Hedge Fund Traders: Non Farm Payroll, Earnings Are Keys

Posted By: Bob Pisani
Why are financials weak again? Because the Street has come to realize that estimates for 2008 are too high. They have already attacked earnings for the fourth quarter (S&P Financial Sector estimates for Q4 are down 20% compared to the same period last year); now they are attacking 2008. »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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