For 30 years, big government stood by the side of big business. The end of the AT&T break-up lawsuit(which started in the 60's)was the last thing big government did for us little guys. Reagan started the idea that since 1932 big government had been on the side of us common folk by holding back big business machinations, so now it was time to "make things fair" and reverse that policy completely. That meant everything from no more anti-trust lawsuits to renting out space on federal interstate highway signs for business advertising. In every case of people v. giant corporation, the Feds either stared off into space or dismantled the regulatory agencies that were keeping corporate greed in check. It made perfect sense to Republicans: if the people were David and corporate America Goliath, the powerful giant who was the US government should logically team up with Goliath, because they shared "common goals."
So Wall Street cried and screamed when they fucked up, and the Feds would rush in with prime interest rate changes, bailouts, preferential legislation, deactivated mandates on health, pollution, mileage standards, etc --- and when Katrina hit, they both did nothing but say "You guys shoulda got out of the way."
Now Goliath Wall Street is crying and bawling because his diapers are full of shit and he stinks and he's hungry and the bright harsh sunlight of full disclosure is burning his fat pale skin. He's crying and kicking and pissing and shitting his pants harder to get good ol' nanny Fed to clean him all up and make everything nice smelling and feed him full of fat bonuses to make him happy and content -- and dump his shit-stained diapers on the rest of us.
But the shit still piles up in Wall Street's diapers, the piss still flows hot and stinking down their legs, and Wall Street realizes something has gone horribly wrong. So even as Wall Street gets more and more desperate for attention by going into histrionics -- "Look at me now! The Dow is going to 7000! I'm gonna kill myself if this keeps up! Wait- no look! I'm going down to 6500 -- I really mean it this time! Boy you're gonna be sorry! You'd better pay attention to me -- I'M GONNA GO DOWN TO 6000 UNLESS YOU KISS MY FUCKING ASS!" --- they are beginning to dimly comprehend in their little dinosaur minds that maybe, quite possibly, the Feds are not going to come rushing in to cater to their whims, tantrums, puking, and reckless financial destruction of American life. That President Obama and his crew are SuperNanny, seeing that Wall Street is a privileged, spoiled, elite, out-of-touch inside-the-bubble brat that needs to b e taught a long-overdue lesson all the rest of us already know: if you fuck things up yourself, you are the one responsible to fix it.
So the stock market is going to keep falling and rising and crashing and floundering around until it gets itself back to the sane level it should be at -- not 16,000, not 3000. Sorry, Goliath ... let's see how much you disdain "big government" when it's not giving you corporate and legislative welfare.