[quote author="BlackVault CM" date=1235566893][quote author="2dogs1cup" date=1235566705][quote author="awgee" date=1235564645]I do not have a clue as to what the market will do tomorrow.</blockquote>
If you don't, no one does. My guess is down - BHO's speech did nothing to assuage those who fear/sense nationalization of BofA/Citi. That's my two cents - probably worth 0.5 cents.</blockquote>
Do you think the market is fearing nationalization? Or are the banks fearing nationalization? I really don't know myself.
I'm leaning towards banks fearing it though and the fact that the market wants it. Nationalization could lead to finally knowing what these banks are truly holding. The faster we know that, the faster we can determine fair value for the S&P.</blockquote>
I think the market, by nature, always fears nationalization. More than anything else, it fears the unknown - e.g the lack of transparency. To that end, the lack of transparency, especially with financial firms, seems to be a key factor in the decline in their stock price.
But then again, if I knew anything, I wouldn't have taken the beating I did this past year.