It’s 3:15, Do You Know Where Your Market Popping Rumor Is?

Maybe I’m wrong but weren’t AIG and FNMA “nationalized”? Neither of those post-nationalization rallies lasted very long and they preceded nasty declines. Once it gets to a stage of something being nationalized the situation is bad and likely still declining, not over and done with. And remember, the global economy and sovereign balance sheets were a lot stronger back in 2008.