  Strange matrix elements of the nucleon are calculated within the light-cone
formulation of the meson cloud model. The $Q^2$ dependence of the strange
vector and axial vector form factors is computed, and the strangeness radius
and magnetic moment extracted, both of which are found to be very small and
slightly negative. Within the same framework one finds a small but non-zero
excess of the antistrange distribution over the strange at large $x$. Kaon
loops are unlikely, however, to be the source of a large polarized strange
quark distribution.
