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Trader Talk with Bob Pisani

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  Wednesday, 14 Nov 2007 | 3:20 PM ET

John Thain To Merrill: What's It Mean For NYSE?

Posted By: Bob Pisani
We are waiting to hear the outcome of the NYSE's unscheduled board meeting. Let's assume that John Thain is indeed leaving to go to Merrill Lynch, as has been reported. Questions for the NYSE: 1) Will the stock take a hit? »Read more
  Wednesday, 14 Nov 2007 | 9:10 AM ET

Inflation, Retail, Subprime Numbers Help Futures Rally

Posted By: Bob Pisani
Futures rallying on economic and subprime news. 1) Economic news showed no inflation at the wholesale level and retail sales on the aggregate were a tad better than expected. 2) Two large financial companies made relatively positive comments concerning their subprime exposure this morning. »Read more
  Tuesday, 13 Nov 2007 | 4:37 PM ET

Oil, Wal-Mart Among Reasons For Rally

Posted By: Bob Pisani
Why the rally? Let me count the ways: 1) Stocks oversold (financials in particular over-shorted). 2) Oil drops (helping overall market). 3) Wal-Mart does not lower guidance for the fourth quarter (retailers rally). »Read more
  Tuesday, 13 Nov 2007 | 1:09 PM ET

Market Rally? Here's Why It Happened

Posted By: Bob Pisani
Huh, what happened? With the understanding that we are still midday, here's the reasons for the rally: 1) The primary driver is that stocks have been dramatically oversold, and in the case of financials, heavily shorted. »Read more
  Tuesday, 13 Nov 2007 | 9:18 AM ET

Traders Feel Market Still Hostage To Credit Crisis

Posted By: Bob Pisani
What's up with these last hour sell-offs three of the last four days? Many traders believe there is another major round of quant fund de-risking which is forcing many other large, plain vanilla hedge funds to de-risk. »Read more
  Monday, 12 Nov 2007 | 4:37 PM ET

Buy Tech, Sell Financial "Plan" Falling Apart

Posted By: Bob Pisani
The market is finishing at the lows, three of the last four days. A tough situation, since traders now get unnerved in the last hour, even if the trend is neutral going into the close (as it was today), or even if the trend is up (as it was on Friday, and stocks still fell apart in the last hour). »Read more
  Monday, 12 Nov 2007 | 2:00 PM ET

Traders Looking At Financials Again?

Posted By: Bob Pisani
Reversing the trade is the key story today: 1) The "buy tech, sell financials" trade--which has been astonishingly successful since July--is showing signs of unwinding as traders nibble on financials.  »Read more
  Monday, 12 Nov 2007 | 9:12 AM ET

Tech "Jitters" And Subprime Weigh On Markets

Posted By: Bob Pisani
Here's what I see this Monday morning:1) U.S. dollar finally showing some strength on weakness overseas, Hong Kong at a 6 week low, about 12% from historic high. 2) Jitters in tech land. All those momentum traders piling into techs in the last couple months are nervous. »Read more
  Friday, 9 Nov 2007 | 11:33 AM ET

Out of The Office Today

Posted By: Bob Pisani
I'm a little late in letting you know, but I am out of the office today or at least away from the trading floor. I am back on Monday with more on the markets. See you then. »Read more
  Thursday, 8 Nov 2007 | 4:38 PM ET

Market Under Control Of Momentum Traders

Posted By: Bob Pisani
What do you make of a day like today? What do you make of it when the Dow moves in 250 point range from top to bottom, then moves almost all the way back at the close? What do you make of a stock like Citigroup, which trades in a 10% RANGE IN A SINGLE DAY? »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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