If OBAMA nationalizes banks, you can kiss the Stock Market Goodbye. Such a move would wipe out stockholders in those banks (as if they are not wiped out now) and set a presidence for "nationalizing any public company that is in trouble." This would spook all 'BIG MONEY INVESTORS". It would end the ELITE TRADER CREW over nigth.
I don't think it would end a thing here. Does anyone really care if they trade something at 20 or 2? Trade it just the same. This isn't yahoo message boards filled with blind perma bulls, or a board with people who are so large they cant dump everything fast when it goes against them. Even the resident bull Stocktrad3r wouldn't touch these toxic financials. All ok here.