Do Mormons believe in the Rapture? I think the answer is no. I only ever recall teachers mentioning it as a belief in other faiths, not ours. And yet the scripture in 1 Thesselonians is quite clear:
"Then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: and so shall we ever be with the Lord." (4:17, emphasis added)
I've already commented on the whole cloud thing, so let's move on to the issue of how Mormons might understand this verse. Good thing Joseph Smith came along to clarify the translation for us:
So now, thanks to Joseph's amazing powers to translate, we have:
“Then they who are alive, shall be caught up together into the clouds with them who remain, to meet the Lord in the air; and so shall we be ever with the Lord.” (JST, 1 Thes. 4:17, emphasis added)
Dang. We're still getting beamed up into the sky to hang with JC. So is that a "yes" on Rapture?