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90 Seconds with Art Cashin: Greek Deal Not Affecting Markets Yet

CNBC's Bob Pisani and Art Cashin, of UBS, discuss the markets' lack of response to the Greek deal. Cashin asks what will happen when the election comes around in April, as Greeks are already crying about austerity.

90 Seconds with Art Cashin: Can Draghi Help Greece? 08 Feb 2012
CNBC's Bob Pisani and Art Cashin, of UBS, discuss the market drop and concerns the ECB's Draghi may not be able to help Greece.

90 Seconds with Art Cashin: Bernanke's Sigh of Relief Rally

07 Feb 2012

CNBC's Bob Pisani and Art Cashin, of UBS, discuss a down dollar, the up euro and the reasons behind the mini rally. People are realizing Greece doesn't have a payment due till March, and after Bernanke's testimony, there was a sigh of relief rally.

Cramer: 'Where's the SEC' on 'Absurd' IPO?

07 Feb 2012

CNBC's Jim Cramer, David Faber and Bob Pisani discuss the planned $18 million IPO of Caesars Entertainment. Cramer calls it absurd, and asks, "Where¿s the SEC?"

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What You Need to Know About Citi

Published: Friday, 31 Jul 2009 | 2:45 PM ET

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By: Bob Pisani
Reporter

Mark Lennihan / AP
Citi will be trading a lot of shares in the next few days-but don't expect big price swings.

Recall that a short while ago Citi [C Loading... () ] completed a big exchange of its preferred stock for common stock. Today, the Russell indexes are rebalancing at the close to reflect the increased weighting of Citi in the indexes (most importantly the Russell 1000).

Traders tell me there will be about 185 million shares of Citi to buy at the close.

This sounds like a lot-but it isn't really.

That's because Citi volume has been truly historic recently.

Citi is averaging about 500 m shares a day, but in the last three days has been trading OVER 1 BILLION SHARES A DAY.

This is probably because traders are setting up for today's trade, as well as the trade on the close next Wednesday, when the S&P 500 will also be rebalancing to account for the increased weighting of Citi in that index.

The S&P buy will be even more substantial-according to KBW, those indexed to the S&P will have to buy about 670 m shares of Citi toward the close, and will also be shorting the remaining 499 components in the S&P.

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