Fundamentally it might be early, but the market always looks ahead. Homebuilders were on e of the best performing groups in January and I believe that will hold true for the remainder of 2008. Some of these guys are up 15-20+% off their lows. Long term downtrends have been broken.
How badly are you hurting? No shorting? LOL... Interest rates are cut to improve the economy of this country and bring peace and prosperity to all the American people. They do have an indirect relationship with financial markets cause it means confidence and better business climate, and the markets seems to like those things. If you are such a piss ant and you don't like what our Federal Government doing and you are so un-Americans pack a suitcase and go live in Tibet or Bhutan and bake cow dung patties for a living.