Trader Talk with Bob Pisani


  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
  Wednesday, 7 Nov 2007 | 11:55 AM ET

Market Leader Focus: Materials, Techs, Energy

Posted By: Bob Pisani
Two market worries this morning are declining fourth quarter earnings and deteriorating internals. Ned Davis, a respected market researcher, specifically pointed to the poor breadth this morning and told his clients "further caution is advised." The bottom line: market leadership is increasingly focused in some materials and techs, and a few energy stocks. »Read more
  Wednesday, 7 Nov 2007 | 11:24 AM ET

GM: A Sign Of Lower Auto Profits Ahead?

Posted By: Bob Pisani
The takeaway from the GM numbers is that expectations for auto sales, particularly in North America, appear too high and is exacerbating concerns about a softer U.S. consumer. Forget about the somewhat confusing $39 billion non-cash charge. »Read more
  Wednesday, 7 Nov 2007 | 8:56 AM ET

GM, Falling Dollar Weigh On Futures

Posted By: Bob Pisani
Several factors weighing on futures prior to the open: 1) GM posting its biggest quarterly loss ever; $39 billion amounts to $68.85 a share loss, a mind-boggling number considering the stock is $36. Down 5% pre-open. Declining to provide guidance is the key here. However, this news came out last night and is not the primary reason the market is down. »Read more
  Tuesday, 6 Nov 2007 | 4:39 PM ET

Market Story Today: Weak U.S. Dollar

Posted By: Bob Pisani
Market leaders like metal and energy and tech stocks got help from financials today--that hasnt happened in a long time. But the big story was the weak dollar, which helped push gold, silver, and oil to new highs. Commodity stocks like precious metals, steel, and iron ore also surged. »Read more
  Tuesday, 6 Nov 2007 | 1:26 PM ET

Retail Stocks: No Bottom In Sight

Posted By: Bob Pisani
With retail stocks down 11% year to date, you would think some would be out looking to call a bottom, but bearishness remains very high among retail analysts. Morgan Stanley very typical of that mood this morning, was out with a long note on retailers called "Not Too Hot, Not Too Cold, Just Wrong." »Read more
  Tuesday, 6 Nov 2007 | 1:17 PM ET

Strong Dollar, Weak Dollar: Which is Best?

Posted By: Bob Pisani
The dollar, which is hitting new lows against the Euro and other currencies today, is sparking considerable debate. Gold and oil are hitting new highs, partly on the dollar's weakness. The weak dollar has been a big help to U.S. exports and definitely helped corporate earnings of U.S. multinationals. That is the standard line, and it's true. »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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