The FED (FOMC) is about to raise rates... 20 minutes.

[Jay G.]

This is the BEFORE chart for today below. (source: https://www.mortgagenewsdaily....)    

 ... in about 20 minutes we find out if we raise .25bp  .50bp (expected) or possibly more.   I wonder what this chart will look like tomorrow? About 30 minutes later, the FED will then give (hints of) some guidance towards rate increases for the rest of the year.  Many of us traders expect to end the year at 8% or higher..... wild.

[JD Martin]

Nobody has a crystal ball. You can pick an upside or a downside and half the time you're going to be correct. I've been around these forums in some fashion for coming up on 10 years and as long as I've been around here there's been a version of Jay G. posting that we've finally hit the wall. Eventually one of them will be right - maybe you this time around - there's no glory in that.

The biggest test is prognosticators putting their money where their mouth is. If you've 100% convinced that you can see the future, and you know what's coming, it ought to be relatively easy to take all of your money and put it somewhere that will cash in on the coming downside. It would be more useful if you could tell us what you're doing, and then come back when you know what the next cycle will be, tell us how much money you made on your prediction, and give us a new one so we can all enjoy the bounty 🙂