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Current DateTime: 01:58:07 10 Nov 2009
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Expiration DateTime: 11/10/2009 2:00:22 AM

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Current DateTime: 01:58:07 10 Nov 2009
LinksList Documentid: 30456179
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Trader Talk Video Gallery
Bob Pisani reports on the trading day from the NYSE
Getting more insight on the day's market action, with Brian Belski, Oppenheimer & Co.; Tim Speiss, Eisner Personal Wealt...
CNBC's Bob Pisani reports on the trading day from the NYSE.
CNBC's Bob Pisani reports on the trading day from the NYSE.
Bob Pisani reports on the trading day from the NYSE.
CNBC's Bob Pisani reports on the day's market activity from the NYSE.
CNBC's Bob Pisani reports on the trading day from the NYSE.
Bob Pisani reports on the trading day from the NYSE

Trader Talk

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Sep.17
3:13 PM ET
Wednesday, 17 Sep 2008
Credit Markets Reflecting True Conditions?

Are credit markets accurately reflecting conditions? That's the heart of an angry debate going on on the NYSE floor and on trading desks all over.

If they are, then stocks have farther to go before we bottom.

Bears say the are accurately reflecting conditions, and in fact they have been accurately reflecting conditions all year. This is the main argument for bears: the most bearish positions--as reflected in the credit markets--have been the most correct positions this year.

As a result of their record, bears have the rhetorical upper hand.
Wall Street in CrisisWALL STREET IN CRISIS - A CNBC SPECIAL REPORT

Bulls are just as adamant, saying the credit default swaps market are thinly traded and may be subject to manipulation.

Morgan Stanley[MS  Loading...      ()   ] is the battleground here: supporters insist that the conference call went well, that Morgan has strong capital and liquidity positions, have reduced bad asset exposures, and have prefunded their issuing needs for the next 6 months. Stay tuned!

Buy, Sell, Hold?

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- The Dow 30 at a Glance

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Current DateTime: 01:38:20 10 Nov 2009
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