the bull... the contrarian, page-8

when i think about the fed rate cut scenario, I also think of what happened to the UK housing market when the BOE cut rates once about, what, about a year ago before raising them again? It put the BOE so far behind the inflation curve that housing prices in UK, particularly London, took off and are still climbing I believe. So we have examples of what can happen when high money supply plus low rates coincide. If the recent counter trend rally is an example of what happens when money supply is pumped up, think of what will happen to stocks if the fed cuts rates as well. All shorts off the table if that happens, for me, at least until the crash that would probably follow the blowoff at a new high.