David Meltzer
speaker
411 appearances
2 recordings
2 series
first heard Dec 2024
last heard Jul 2025
David Meltzer’s voice in public audio — every appearance, attributed to the second.
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Appearances
You know, there's a Victor Cruz, Marshall Falk, Michael Chandler, but we do events ourselves.
And anytime you want to rock and roll with uncle Dave, you just reach out to my team, whatever city we're in 200 cities a year.
You and I got to do more together.
We can together do much more than separate.
And,
Please tell Les and Damon, thank you for teaching you so much.
They should be super proud.
Hey everybody, it's me, the Einstein of Wall Street from the floor of the New York Stock Exchange. Ladies and gentlemen, I'm going to be your temporary host sitting in for Nicole Lappin of Money Rehab as she is on maternity leave. We're going to be doing episode after episode every day of what the heck's going on, giving you a forensic breakdown of what's happening into the market as we end 2024.
And stay tuned for some of the best interviews I've done since the beginning of this show in 2024 in food, in fashion, in finance. and fun. We'll be seeing a lot of you, so stay tuned. Three, two, one. Hey everybody, it's me, the Einstein of Wall Street. We are here with Trade Like Einstein. I am Peter Tuchman and we're here on the floor of the New York Stock Exchange in the balcony.
History is made in this building every single day. Somebody with my long-term experience, I've been here for 137 years, it is my responsibility to help teach you how to navigate this market successfully. Boom! Hey everybody, it's me, the Einstein of Wall Street from the floor of the New York Stock Exchange. What a spectacular day for the last two days. Right? Let's go over it, man.
Let's forensically break this down because it is so significant. Friday, we hit record highs, okay? Record highs due to the, we've been a little bit flat for maybe a week and change, right? I told you that eight out of eight times in the presidential cycle,
Right, we used to have a market rally into the election and then we had a little bit of a follow through on the election and we had the market pull back until November 21st, 22nd when we started revving up towards the November Black Monday, Black Thursday, Black Friday, you know, big Thanksgiving sales. And so we followed that thing for the ninth time.
And then what you end up seeing is Santa Claus come, the market tends to flatten out as it kind of gets its bearings for the end of the year and then Santa Claus comes to town and we have a rally into the end of the year. Well, nine out of nine, it's happened once again. Market rallied beautifully coming into the election. Nice rollover the first two days, three days after the election.
We had up 1,200 points after the election, and we had deferred the next couple of days. That was sort of a relief rally. And then we had probably a couple of days of a Trump rally, right? And then the market sort of flattened out and pulled back for a couple of weeks, trying to get bearings, all things waiting for the unemployment numbers and the payroll numbers that came in last week.
and they really, they do not disappoint, right? The numbers came in on Friday. They were good. Not great enough to take the interest rate cut at the next Fed meeting off the table, but good enough to make the rally, the market rally into record highs on Friday across the board, right? So just a few days ago, we were at record highs. Then we had Monday and Tuesday. Market started to pull back.
The reason market pulled back on Monday was all about Nvidia. Nvidia was being accused of some monopoly, trying to take over and corner the market in AI, I guess. And so that kind of took down the whole market with it. We know that happens very often. Seen it with Walmart, seen it with Tesla, seen it with Nvidia, when an individual stock, which carries so much weight in an index,
and just in the psychology of the marketplace, right? There's some stocks that everybody gets, that they've gotten their attention. And when they do that, everyone throws the baby out with the bathwater, right? And so the market tends to get flushed out with it. Well, that's happened on Monday, right? An attack on Nvidia around the monopoly question.
on Monday, and so the whole market kind of fell out of bed. When those days happen, I always say to people, look, if nothing's fundamentally changed, let's take that stock out of the equation and not really overreact. And those are the days where the opportunities lie. If the market sells off around one stock, but we've got everything else getting dumped with it,
and you didn't want to pay top dollar for the names you've been looking at stocks where you like the people, the process, the product and the profitability, right? The four Ps, then go after those names on those days, right? Because nothing is fundamentally changed. Find an opportunity and scoop stocks at a discount of five or $10 that you didn't want to pay top dollar for.
when the market has these little bit of pulls back. It's Monday, Tuesday. I said it to you. If you go back to the videotape, right, like Warner Wolf back in the day, I said, don't get excited about these days. We're off 150 on the Dow, 25 on the S&P. It's nothing, nothing to be worried about.
Showing 301–320 of 411 · page 16 of 21
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