This gives buyers remorse a whole new meaning! I think Americans are regretting the new dem congress.

I don't think the average person realizes the stock market reacts this quickly to the buffoonery that happens in Congress on a daily basis.
With the next National election cycle well under way, and the Republicans/Conservatives not forecasted to do well will lead to an adverse reaction for all of 2008 on the stock market.

If the democrats take control of Congress and the Presidency, will the following happen?

Individual income tax rate increase. Less money for the general economy, more for the government to waste.

The democrats want to start taking over the health care industry, which is about fifteen percent of the GNP.

Capital gains taxes will increase, leading people to sell off and get out of the stock market before those rates go up.

The democrats have as much of a general disdain for large industries as they have an affection for wasteful social programs. Corporate taxes go up.

They will pass regulations in the name of saving the Earth(ALgore environmentalism), therefore economically crippling some industries.

Things people used to get educated for, got up everyday and went to work for will be seen as a "right" and therefore funded by more entitlement spending.

Etc...etc...

These people could put us back into a "Jimmie Carter Malaise" if the electorate buys into the idea of HRC sitting by the Christmas tree handing out government "gifts" to everyone.

No wonder the Dems in Congress are staying in session every day. Pester Bush AND ruin the economy!