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Trader Talk with Bob Pisani

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  Tuesday, 16 Oct 2007 | 2:19 PM ET

Regional Bank Woes Signal A Long Recovery

Posted By: Bob Pisani
Regional banks hit new lows today, as traders gave up on any short-term recovery and the hope that the worst is behind us. Big names like KeyCorp, Zions Bancorp, National City, SunTrust, and M&T hit new lows today. »Read more
  Tuesday, 16 Oct 2007 | 12:05 PM ET

Housing Weakness Spreads: Some Examples

Posted By: Bob Pisani
We are now seeing the weakness in the U.S. housing business spread into other areas: 1) financials are under pressure because credit quality continues to deteriorate, largely around weakness in home and commercial mortgages. »Read more
  Tuesday, 16 Oct 2007 | 11:01 AM ET

Market's Problems: Financials, Steel, Homebuilders

Posted By: Bob Pisani
The problems today: 1) Financials. For a view of why traders are now very worried about Q4 earnings for financials, look no farther than KeyCorp. Q3 earnings and Q4 guidance were both below expectations; there were strains from fixed income markets particularly in commercial real estate, and rising problems with residential construction loans. »Read more
  Tuesday, 16 Oct 2007 | 8:57 AM ET

Bernanke Speech Dominates Street Talk

Posted By: Bob Pisani
My thoughts this Tuesday morning: 1) Ben Bernanke's speech widely discussed on the Street this morning. Traders wondering why he didn't talk about energy and food prices; further evidence that core inflation is what matters to the Fed. »Read more
  Monday, 15 Oct 2007 | 4:46 PM ET

Market Story Simple: Citi And Eaton Dominate

Posted By: Bob Pisani
It's a pretty simple story today: Citi and Eaton. Citi, because they spoke about the need to raise reserves for potential losses in the credit area (reviving concerns about a consumer burdened by debt) and Eaton because they lowered Q4 guidance. »Read more
  Monday, 15 Oct 2007 | 12:48 PM ET

Citi Comments Weigh Heavy On Financials

Posted By: Bob Pisani
Here's a look at the midday weakness: a) Citigroup comments on deteriorating consumer credit is weighing on financials. Oil at new highs helping energy but hurting transports. »Read more
  Monday, 15 Oct 2007 | 8:55 AM ET

Subprime Still Dominates Markets, Banking

Posted By: Bob Pisani
Here are my thoughts this Monday morning: 1) Citigroup's earnings were about in line with their own drastically reduced guidance they gave a couple weeks ago. Fixed income was poor as expected, and consumer delinquency rates continue to uptick. International posted strong revenue growth (up 30%) Conference call at 8:30. »Read more
  Friday, 12 Oct 2007 | 4:15 PM ET

China Betting Consumer Slowdown Not Global

Posted By: Bob Pisani
Active trading today in NASDAQ big caps (Google , Apple, Amazon, Apple), international oil companies, and Chinese stocks. Chinese stocks? Chinese Communist Party holds their annual meeting next week (no I'm not going), Hang Seng in Hong Kong and Shanghai index hit historic highs yesterday. »Read more
  Friday, 12 Oct 2007 | 2:56 PM ET

NYSE Set To Buy NYMEX? LSE?

Posted By: Bob Pisani
Mark Haines and I spoke with NYSE CEO John Thain this morning about the future of the NYSE floor, what the NYSE will be buying next, and other topics: Will the NYSE buy the NYMEX? I asked Diego Perfumo, who covers global exchanges for Equity Research. »Read more
  Friday, 12 Oct 2007 | 9:13 AM ET

Market Moves Up, But Inflation Worries Exist

Posted By: Bob Pisani
Here are my thoughts this morning: 1) Producer Price Index is hot, above expectations, but core (ex-food and energy) below expectations, retail sales stronger than expected, so market has moved up on this because it watches core inflation and is happy retail sales are stronger than expected. »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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