Wall Street “Einstein”: “There is blood on the streets. It’s incredible; they don’t know anything ‘
Peter Tuchman, known as “Einstein From Wall Street“Due to his hair and knowledge, he is one of the best known traders on the New York Stock Exchange. Like markets struggling with the relapse of the president Donald TrumpTariff announcement s, He warned that there was “blood on the roads” of the exchange.
During a Cnn I wait, while the markets went to a free fall, Tuchman outlined the sense of fear and anxiety among traders such as the effects of Trump’s “Liberation Day” with hints to sink. Recognized that his The forecasts on what Trump would have done was very out of the mark.
The last time the mood had been so dark on the commercial floor had been “the initial days of Covid, Where you just had a sort of darkness in the room, and today it was clearly like that “, He remembered.
Tuchman told how he met Jim Cramer in the backstage and was reminded of him CNBC The 2007 “Low Know Nothing” host of 2007 in which he accused the Federal Reserve For not having seen the signs of the next financial crisis.
“I was remembered (Cramer’s rant) and I thought I would come here and do exactly the same thing,” Tuchman said. “Because it is incredible. They know nothing. And the formula they have used for these numbers to measure the commercial deficit, is how ‘Apples, oranges, a pair of anachdi, divided by ten, times four’ – None of this makes sense. “
Tuchman said that until just before Trump’s tariff announcement, he thought that the president would “put out everything” and that there would be a “great revelation” that would calm down the markets. The markets have faced uncertainty for several weeks as regards the Trump tariff plans.
“I couldn’t have mistaken more,” he said. “Today’s Sell-Off was not even a capitulation, it was a devastating day on the market, the blood on the streets in my opinion.”
Cramer appeared on the CNN after Tuchman, saying: “I feel a sudden tonight because I am not a free merchant and I don’t believe in free trade. And I was equally hard, if no longer hard, of his people”.
But “they ruined him and … they did it in a totally reckless way,” he added. “And I have been very disappointed as someone who really believes, really that free trade is terrible for the person who works American. This is what he invented? Damn, come on! Having a little mathematics.”
