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$Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL...
$Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL.US)$ Powell just screwed the entire housing industry he destroyed it, this is why Trump needs to use everything within his ability to get him the hell out of office. the 10-year is selling off right now interest rates are skyrocketing people that were looking to buy a house now they're going to pause so all the problems that persisted with the housing market they just got magnified right now everybody who has an adjustable rate mortgage who is anticipating lower rates, not happening your payments are going to go up. if you have a rate lock and it's getting ready to expire you're screwed because your new rate may put you out of the ability to buy that property and afford that loan program and qualify for it.
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37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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10baggerbamm OP : powell just created inflation as a result of his comments with the 10-year doing what it's doing people that were planning on refinancing their house it's not going to happen that puts him in a worse position financially because they're not going to have that extra discretionary income that ordinarily would have become available as a result of refinancing at lower rates credit cards are going to go up not down so he just screwed the middle class royally
104642775 : Can we enter the market tonight and bet on a rebound?
10baggerbamm OP 104642775 : you can do whatever you choose to I mean you have to understand that there's going to be a slew of limit orders to sell ratcheted down much lower tomorrow than what it was yesterday. this is going to put pressure across the board on a lot of stocks because people are going to want to lock in profits and take their losses before the end of the year.
as of right now there is a bounce back happening how long it lasts time will tell because I think you're going to see a lot of people turn bearish which is fine.. you're going to hear a lot of these people on TV talk about the uncertainty because pal use that word multiple times as he was intentionally crashing the market because the market does not like uncertainty.