The "threat to ownership" is really only a panicky reaction like we've seen so many times before...oil, tech stocks, houses, derivatives, oil futures, etc. It's classic. It's removed when people calm down. The eventual improvement in the economy will help. People will feel better, and will "see" fewer zombies lurking in the bushes. In the absence of any legislation, people will become more confident, as well. I'm only talking about confidence being restored, and that will lead to the bubble bursting. But then, you and Glenn already knew that, didn't you?
