Fast Money aims to provide the information normally reserved for the Wall Street trading floor, empowering the individual investor to take control of their trading and investment future.
Melloy controls the editorial direction of the show each day with the goal of getting ahead of the news using the information provided by the panelists of traders. The show is supposed to be the complete post-market show, giving the viewer all the information they should have known about today and should know about tomorrow. If you don't hear about it on Fast first, it probably doesn't matter to the top traders on Wall Street.
In 2010, he lead the control room during the Emmy-nominated show "Investing in America: A CNBC Town Hall Event With President Obama."
Melloy writes the "Behind the Money" blog each day, which aims to uncover new trends ahead in investing, economics, technology and politics. His blog is often among the most-read articles on CNBC.com and have been featured as lead stories on news aggregators like "Yahoo Finance" and "The Drudge Report."
Prior to joining CNBC in 2006, Melloy was the team leader of U.S. Stock Market coverage for Bloomberg News. In that position, Melloy was lead editor on all stories about the stock market's daily movements, future investment strategy, trades by noteworthy investors, and market-moving upgrades and downgrades. The team of reporters under his direction also covered the U.S. stock exchanges.
Before becoming an editor and team leader for Bloomberg News, Melloy was a reporter covering the stock market and its participants. His articles appeared in various publications, including The New York Times and The Washington Post. He was a also a frequent on-air guest on Bloomberg TV and Bloomberg Radio.
Melloy began his news career as a producer for Bloomberg Television based at the New York Stock Exchange, where he covered the re-opening of The Big Board following 9/11.
Later, he would develop a segment for Bloomberg TV called "The Bloomberg Edge," which used sophisticated screening tools from the Bloomberg Terminal to provide investment ideas for viewers.
Melloy has a Bachelor's degree in Finance from Villanova University in Philadelphia and a Masters degree in Business from Fordham University in New York. While at Villanova, Melloy was the color commentator for the student-radio broadcasts of basketball and football games.
Not only is profit taking the norm after a monster pop like we had Monday, but traders are seeing another good reason to sit this one out.
If the S&P 500 can get to 800 this week, it will mark a 20 percent advance from the 12-year low of 666.79, technically a bull market.
The Fast Money traders and a growing number of analysts are starting to highlight the risk of Congress overshooting in response to the outrage over the AIG bonuses.
Why are hedge fund whales making bullish bets on gold, when this precious metal has proven itself to be a long-term loser since 1970?
Too many analysts are making too many calls. How on earth is anyone supposed to sort through the multitude of conflicting notes on the banks today?
The Bernanke 60 Minutes interview lived up to billing with his comments that the country has avoided a Depression lifting market averages this morning.
Market followers often cite capitulation, or a monster down day as one of the key markers of an actual market bottom. However, history shows that it is quite possible for markets to bottom quietly.
Many traders still have their doubts about whether this is "the" bottom, but that is not stopping them from placing strategic bets to benefit from this bear-market bounce.
Have investors gotten so pessimistic that there are no bears left to sell and we are therefore due for an oversold bounce?