"Which changes are those?" Well how about tight government regulation of financial companies, punishment of financial crooks (hopefully),universal healthcare to relieve business of that burden, energy independence, improved education to allow our citizens to compete in 21st century, taxes to pay for this, honesty, compassion for those who are now in trouble....
But not all of those should be causing the market to drop.
"universal healthcare to relieve business of that burden," should be positive for business
"energy independence", hmmm, positive for some, maybe negative for oil companies (remember they are investing in new energy sources, they are not dummies)
"improved education to allow our citizens to compete in 21st century," business gets new employees better trained on the taxpayers dime? They should like that.
"
taxes to pay for this" - well yes, that could drive the market down (it has IMO) - people will have less money to spend and less motivation and money to invest in growth
"honesty, compassion for those who are now in trouble...." I didn't know that could be legislated.
"tight government regulation of financial companies," - I dunno - they are getting bailout money, so overall is it a net gain or net loss?
"punishment of financial crooks (hopefully)" - since they only make up a portion of the market, and are a small minority, I'm think that overall the market would welcome this - it should mean more growth potential and stability overall. Crooks are bad.
Please clarify - I don't know if you are just talking the announcers on CNBC (I don't watch), or are you (also) talking about the market reaction to Obama's plans (I do watch, I should stop that too!)? That his plans have them scared (or something) so the market drops in response?
-ERD50