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Trader Talk with Bob Pisani

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  Thursday, 29 Nov 2007 | 9:20 AM ET

Market Bottomed Out? Yes (Bulls) No (Bears)

Posted By: Bob Pisani
So is this is a tradable bottom or just a head fake? Bulls point to the still-huge short position in financials, the large cash positions, and the hopes that the strength of the rally will suck in other players looking for a last year-end play to add a point or two to their bottom line profits. »Read more
  Wednesday, 28 Nov 2007 | 4:23 PM ET

Market Rally Holds: "Last Hour Sell Off Spell" Broken?

Posted By: Bob Pisani
The rally held. This was an important day, a day where the "sell in the last hour" juggernaut was broken, at least for the moment. There are many reasons, but short covering is the key: 1) Short covering in financials. »Read more
  Wednesday, 28 Nov 2007 | 11:49 AM ET

Fed Pres Kohn's Statement Should Spark Rally

Posted By: Bob Pisani
Fed Pres Donald Kohn moved futures 5 points up at 8 am ET by saying that if tighter credit conditions made credit more expensive and discouraged spending, it "would require offsetting policy action." This seems to imply more rate cuts, whether of the fed funds type or the discount rate. »Read more
  Wednesday, 28 Nov 2007 | 11:34 AM ET

Market Rally For Second Day? Up To Momentum Traders

Posted By: Bob Pisani
A two day rally? Hasn't happened once this month. We're heading in that direction today. What's up? It's mostly about short covering, but that could change. But wait--won't they try to sell into the rally in the last hour? That is certainly the strategy that has worked this month. »Read more
  Tuesday, 27 Nov 2007 | 4:46 PM ET

Freddie Mac Floats Stock, Cutting Dividends

Posted By: Bob Pisani
As suspected, Freddie Mac is floating stock. Offering $6 billion in preferred stock, but the bigger story is they are cutting their dividend 50% to 25 cents....and the stock is down fractionally. »Read more
  Tuesday, 27 Nov 2007 | 4:00 PM ET

Markets: The Issues "Floating Around" Today

Posted By: Bob Pisani
For the last two weeks, it hasn't mattered if the market is up, down, or flat going into the last hour; the prevailing trend has been to attempt to sell the market toward the end of the day, even if the market ends positive. »Read more
  Tuesday, 27 Nov 2007 | 9:25 AM ET

Abu Dhabi's Cash Infusion: Does It Save Citi?

Posted By: Bob Pisani
Abu Dhabi's $7.5 billion capital injection into Citi--that's 4.9% of the company--contains a stunning figure: a mandatory convertible that pays 11% yield (Citi currently has a 7.1% dividend yield)! That, as many have observed, is above the average yield for junk bonds, currently about 9%. »Read more
  Monday, 26 Nov 2007 | 3:00 PM ET

"Credit Crunch" Main Story

Posted By: Bob Pisani
The "credit crunch" is the main story today and for the foreseeable future. Fannie Mae and Freddie Mac are again dropping -- both down nearly 8% again. Freddie has already said it may need to raise more capital and may have to cut its dividend. Fannie hasn't said that, but it sure is trading that way. »Read more
  Monday, 26 Nov 2007 | 12:57 PM ET

Fed May Move Markets

Posted By: Bob Pisani
While the economy appears to be the main issue, don't be surprised if Fed speakers will be the key market movers this week. »Read more
  Monday, 26 Nov 2007 | 11:19 AM ET

Retail Rally Fades

Posted By: Bob Pisani
Early morning rally fading as financials, retail and energy lead the markets lower. Retail reports very mixed. Shoppertrak said sales at 50,000 outlets up 8.3% more than expected. Everyone agrees electronics sales have been strong, but past that it is a little murky. »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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