Does Obama's promise to "do all necessary" to "help" doom markets to more big drops?

I'd like to see Comrade General Secretary Obama stand down and quit pretending he can wave his magic wand and fix things through a beat down of productive, dare I say "rich" people. The more "help" he offers the worse it will get, unless that help comes in the form of incentivizing productive people to produce and not incentivizing deadbeats to suck at the teat of government largesse.