Stock-market decline accelerates after big drop in home builder confidence

[Bourbon]

The Trump Slump. Deplorables, How Do You Like Your Orange Messiah Now ?









Stocks retreated Monday, extending a decline after a report showed home builder’s confidence plummeted in November, to kick off a holiday-shortened week on a down note.

U.S. financial markets will be closed Thursday for the Thanksgiving Day holiday.
How are benchmarks performing?
The Dow Jones Industrial Average DJIA, -1.67% tumbled 270 points, or 1.1%, to 25,142, the S&P 500 index retreated 30 points, or 1.1%, at 2,731, and the Nasdaq Composite Index NQZ8, -2.96% fell 144 points at 7,103, a decline of 2%.

Last week, the Dow posted a weekly decline of 2.2%, the S&P 500 index declined by 1.6%, while Nasdaq Composite Index shed 2.2%.

What’s driving the market?
Investor anxiety evidenced by last week’s declines continued Monday, following a report on home builder confidence that showed sector executives less confident than at any point in more than two years.

https://www.marketwatch.com/story/do...wer-2018-11-19

[cawacko]

You think zero interest rates and the Fed induced housing bubble could continue forever?

[Bourbon]

You think zero interest rates and the Fed induced housing bubble could continue forever?

Naaa .. only when there's a Black President who cleans up White President's Fuck Ups

[cawacko]

Naaa .. only when there's a Black President who cleans up White President's Fuck Ups

Not sure what race has anything to do with here.

[Bourbon]

Not sure what race has anything to do with here.

Weren't you around for the Obama years ... didn't you watch Fox News?

[cawacko]

Weren't you around for the Obama years ... didn't you watch Fox News?

I don't watch cable news. Please tell me what they said about the Fed, QE and asset bubbles to create the wealth effect to get people to spend more

[Getin the ring]

Telling how liberals are soooo happy when they can post something negative about the country, or about how terrible something has become.
they actually find glee.

And you wonder why you have no power in politics

[floridafan]

You think zero interest rates and the Fed induced housing bubble could continue forever?

Just how does the Fed induce a housing bubble?

[floridafan]

Telling how liberals are soooo happy when they can post something negative about the country, or about how terrible something has become.
they actually find glee.

And you wonder why you have no power in politics

Thats funny shit from a lady who hope and prayed for complete failure for 8 years of Obama.

[LV426]

You think zero interest rates and the Fed induced housing bubble could continue forever?

The Fed didn't cause the housing bubble...Bush/Conservative deregulation of subprimes did.

[LV426]

Not sure what race has anything to do with here.

Race was entirely the motivating factor behind Conservative opposition to Obama. Without a doubt, race played the key part. That's why Conservatives were suddenly opposed to things like the individual mandate and cap-and-trade when Obama proposed them. Had nothing to do with Obama's party affiliation and everything to do with his race.

[evince]

I don't watch cable news. Please tell me what they said about the Fed, QE and asset bubbles to create the wealth effect to get people to spend more

oh please

You were doing the "it aint growing fast enough" dance all through Obamas years

[Truth Detector]

The Trump Slump. Deplorables, How Do You Like Your Orange Messiah Now ?

Dear moron; the market is still up by 5,139 points since his inauguration. It really gets old watching low IQ dumbfucks on the left keep talking about market crashes when they don't have the slightest clue of what they are erupting about.

[LV426]

I don't watch cable news. Please tell me what they said about the Fed, QE and asset bubbles to create the wealth effect to get people to spend more

Cawacko just gleans things off of message boards and tends to side with the emotional Conservative position every. single. time.

The Fed didn't create the housing bubble...Bush's deregulation did. The Fed began lowering interest rates in 2002, but then started raising them in 2004. What else was happening in 2004? The subprime bubble started then because of weakened enforcement of lending standards. So if what you're saying is true, the subprime bubble would have started the same time the interest rates were lowered...only that didn't happen. It wasn't until Bush's regulators ceased the enforcement of lending standards for subprime loans beginning in 2004 that we saw any kind of subprime bubble appear.

Cawacko is so fucking lazy, he doesn't even do the research necessary to support his bullshit arguments.

Fed Interest Rate
November 2002: 1.25%
June 2003: 1%
June 2004: 1.25%
August 2004: 1.5%
September 2004: 1.75%
November 2004: 2.0%
December 2004: 2.25%

So contrary to what Cawacko is claiming, the interest rate was actually increasing as Bush inflated the housing bubble.

You keep trying to blame the Fed for the housing bubble, but that's only because you can't bring yourself to admit your style of Conservative economic mismanagement is what caused the crisis to come about; and that was only predicated by the fact that the Bush Tax Cuts, which all Conservatives supported, didn't deliver on the promises made of them. So rather than place the blame squarely where it lies; deregulation and tax cuts, you try to socialize the blame so you don't have to admit your governing economic belief system is a total pile of shit.

[cawacko]

Just how does the Fed induce a housing bubble?

by keeping interest rates low. It allows for greater access to capital and cheaper debt. It forces people to take more risk with their money for their expected return (why we have our current stock market bubble). Now the Fed is finally pushing the punch bowl away and we see mortgage costs rising (and they are still low based on historical numbers) and it's causing a slow down in the market.