A lot of what I hear are Bullish expectations that the Fed will cut rates to bail out the housing crash with another stock bubble. The irony is that the housing bubble is generally regarded as having bailed the stock market out after dot.com and 9/11.
If they do cut rates, the cycle continues further devaluing the dollar, and increasing our collective debt, while people take money out of housing and put it into artficially inflated stocks.
What are the chances the FED will actually cut rates?