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Trader Talk with Bob Pisani

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  Thursday, 30 Aug 2007 | 11:57 AM ET

Market Craziness: What's Going On?

Posted By: Bob Pisani
The reason we are getting these CRAZY swings in the stock market is because traders are confused about the direction of the economy. Specifically, they are uncertain about the impact of the credit crunch on consumers and corporations. »Read more
  Thursday, 30 Aug 2007 | 9:05 AM ET

Why Commercial Paper Matters This Time

Posted By: Bob Pisani
Tomorrow is the end of the month, significant for several reasons, including: 1) end of the quarter for a number of brokerages, including Morgan Stanley, Bear Stearns, and Lehman Brothers, and 2) a large amount of asset-backed commercial paper (ABCP) will be rolling over. »Read more
  Wednesday, 29 Aug 2007 | 4:38 PM ET

Bernanke's Letter Sparks Dow Rally?

Posted By: Bob Pisani
Yesterday, the Dow DROPPED about 250 points as the Fed minutes from its August 7th meeting lent very little support to the idea that the Fed would cut rates at its September 18th meeting. Today, the Dow RALLIED about 250 points as a letter from Ben Bernanke to Sen. Charles Schumer contained unmistakably tones that the Fed was on top of things. »Read more
  Wednesday, 29 Aug 2007 | 3:54 PM ET

Jack Bogle: What's In His Portfolio?

Posted By: Bob Pisani
You think you're a long-term investor? Vanguard funds founder Jack Bogle was on our air this morning, and I talked with him on the phone shortly after. He told me has been dollar cost averaging since 1951, when he first invested in a defined contribution benefit plan. »Read more
  Wednesday, 29 Aug 2007 | 10:55 AM ET

Altria, Dillards, Seagate: Market's Reaction

Posted By: Bob Pisani
The Altria board, as expected, announced the spinoff of its Philip Morris International division. Precise timing of the spinoff will be announced at its regularly meeting on January 30, 2008. Also, as expected, voted to increase the dividend 8.7% to $0.75. The stock is still up, but off its highs; no statement on increased buyback, or cost reduction efforts. »Read more
  Wednesday, 29 Aug 2007 | 9:16 AM ET

Market Rally Hopes Rest On Bernanke Speech

Posted By: Bob Pisani
Thoughts of a decent rally this week rest largely on the hope that Ben Bernanke will address the slowing economy at his Jackson Hole speech this Friday. They are emphasizing that, since the FOMC meeting August 7th, things HAVE changed, the Fed HAS seen more risk (e.g. they cut the discount rate), and Mr. Bernanke will address those increased risks on Friday. »Read more
  Tuesday, 28 Aug 2007 | 4:49 PM ET

Fed Minutes Write Bad Commentary For Stocks

Posted By: Bob Pisani
The FOMC minutes from the Aug. 7th meeting came, and traders were disappointed with the commentary. How disappointed? The Dow dropped 140 points after the minutes came out at 2:00 p ET, an unusual move considering FOMC minutes rarely move markets, let alone 150 points. I mentioned earlier that the Fed minutes today would be more important than usual... »Read more
  Tuesday, 28 Aug 2007 | 1:40 PM ET

What's Weighing On Markets: My Comments

Posted By: Bob Pisani
Several pieces of news are weighing on the markets midday. The bad news is that volume would normally be among the lightest of the year this week. So, there are few buyers around (bids are scarce), and thus a modest increase in selling pressure--as we have seen this morning--can result in very rapid drop in prices. »Read more
  Tuesday, 28 Aug 2007 | 10:27 AM ET

Housing, Brokerage Stocks Continue As Weak Links

Posted By: Bob Pisani
The two weak links in yesterday's market--housing and brokerage stocks--continued to be the weak links today. House prices declined 3.2% in Q2 from a year earlier, according to the S&P/Case-Shiller U.S. National Home Price Index. Home builders like Centex, Lennar and DR Horton down 4%-6% this morning; most builders are at multiyear lows. »Read more
  Tuesday, 28 Aug 2007 | 9:18 AM ET

Investment Bank Estimates Lowered Too Late?

Posted By: Bob Pisani
It's finally happening: analysts are lowering estimates on investment banks, just a few days before the quarter closes for many of them. Merrill Lynch's Guy Moszkowski downgrades Bear Stearns, Lehman Bros. because of their greater dependence on debt markets; they note that Merrill and Morgan Stanley are more diversified. »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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