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Trader Talk with Bob Pisani

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  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
  Thursday, 8 Nov 2007 | 12:07 PM ET

Bernanke Speaks But It's Nothing Really New

Posted By: Bob Pisani
Som midday observations: 1) Despite being grilled on the weak dollar, higher inflation, and the subprime crises and what he is doing about it, Bernanke has said little new. He says that economic activity has remained "resilient" but that "financial market volatility and strains have persisted." He seems to want to keep all his options open for December. »Read more
  Thursday, 8 Nov 2007 | 9:39 AM ET

Europe's "No Change Attitude" Helps Markets, Dollar

Posted By: Bob Pisani
Bank of England and European Central Bank both left rates unchanged which helped spark a modest rally in Europe and here. Mr. Trichet, head of the ECB, talked about inflation concerns but his inaction made him appear rather dovish. »Read more
  Thursday, 8 Nov 2007 | 9:29 AM ET

Retailers: Surprise For Some On Guidance

Posted By: Bob Pisani
Well, the retailers came in generally in line with the gloomy expectations: plenty of markdowns on warm weather. Two-thirds were below expectations, according to RetailMetrics. Department stores missed expectations across the board. »Read more
  Thursday, 8 Nov 2007 | 9:19 AM ET

Markets: Will There Be Effort To Sell Later Today?

Posted By: Bob Pisani
It wasn't supposed to happen this way. I was out last night with a group of hedge fund traders, and as the news came in that AIG's numbers were lousy, and Cisco was a mess, the traders nodded approvingly. They were anticipating a large down day today, then a rally on Friday, and one trader said most of the traders in his shop (a well-known fast money firm) »Read more
  Wednesday, 7 Nov 2007 | 4:44 PM ET

Same Store Sales, Bernanke Among Issues For Thursday's Market

Posted By: Bob Pisani
Here's what the market faces tomorrow: 1) October retail same store sales. Weather got colder toward the end of the month; traders are primed for bad news as most of the big stocks are at 52-week lows. Any good news should move them up. »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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