Kimpten : what's your prediction for the next fed decision I think powell will maintain

10baggerbamm OP Kimpten : I don't know if I say he's going to cut and he doesn't cut I'm wrong if I say he doesn't cut any cuts I'm wrong. the fact of the matter is if you look at the 10-year treasury the direction that it moves the marketing anticipates what's going to happen and that's where mortgage rates are priced off of not the Fed so the future for the real estate industry the future for the publicly traded mortgage companies like rocket mortgage and a few others are more contingent upon where the 10-year treasury is trading then if the FED raises  rates or cuts rates. I think he'll cut because he said he would.
the real question is come January 20th is Trump going to force chairman Powell out? legally pal was appointed and he can carry out his term till 26 however if he has violated his oath then he can be tossed out. if Congress the house the Senate makes a new law and it's past and says that the president at any point in time can appoint a new chairman of the Federal reserve.. well then he is going to be out very quickly. and I think if Trump is able to appoint Larry kudlow somebody like that who is a supply side economist not a Keynesian if you don't know the difference buy a book econ 101 so you understand. I think that has a far more market-friendly Outlook. so will he cut rates I think he will a quarter Will the Market rally who the hell knows probably not because it's sold off each time so far.. what history has taught us is buy the dip and it works until it doesn't work.

Nopainnogainz OP : the yellow line was my first planned tp

10baggerbamm : I've got January '60s calls  I'm selling mine at the market on the open.