Well, the impact of cheap money via a Fed Funds rate cut will be the onset of mortgage rates in the 7's.  If the equities market gets revitalized, it will be at the expense of long bonds, and specifically Mortgage Backed Securities.  Sure, I could be wrong, and I hope I am...but logically, there just isn't enough "cash" to go around from any of the usual sources.  You ain't seen housing prices fall and inventory stack up until you add this to the mix.  Fun times.  And for those of you that think that a 900 pt gain in the DOW means that we are on the road to recovery, I've got some land in Florida I'd like to sell you!

"Go sell crazy somewhere else!  We all stocked up here!"