The Fed is just trying to sustain the life of a terminally ill patient for few more days. Eventually, the patient is going to die.
Hopefully, the fed will not lower interest rate. But a market rally like this can really scare the Fed out of the hell and to lead the Fed to do whatever irrational. What is the flip-side of lowering interet rate besides stablizing the housing market? It should not do the US economy any good!
