Stocks Tumble as Bonds Rise on Global Growth Woes; Oil Slides

[Purveyor]

Source: Bloomberg

Deteriorating growth outlooks in Asia and Europe and weaker-than-forecast U.S. retail sales dragged stocks lower while Treasuries gained. Oil dropped to extend a selloff in commodities.

U.S. stocks headed for the first weekly drop since September amid concern growth remains uneven as policy makers consider raising interest rates as soon as next month. European shares capped their worst week since August after euro-area growth missed analysts’ estimates. Treasuries rose, pushing yields to the lowest in a week. Oil slid in New York, trading near a two-month low.

“There are still ongoing concerns about slowing economic growth,” said Patrick Spencer, equities vice chairman at Robert W. Baird & Co. in London. “The higher dollar, higher rates and slower growth make investors worry, and the numbers in China haven’t been so great lately.”

Gross domestic product in the euro area rose 0.3 percent in the third quarter, data showed Friday, down from 0.4 percent in the previous period, which was also the median estimate of economists in a Bloomberg survey. Sales at U.S. retailers rose less than forecast in October as consumers pocketed the money saved after fueling up their cars.

Read more: http://www.bloomberg.com/news/articles/2015-11-12/asian-futures-show-stocks-to-fall-after-oil-slump-fed-hit-u-s-

[NotHardly]

1. No real wages for a decade, loss of middle class, gutting of American dream...

and now Bloomberg and others note loss in sales, confidence in economic outlook... clever, far-sighted bright little bulbs them.

[redwitch]

2. Who'd a thunk it? nt

[Wellstone ruled]

3. When you can short

equities to no end,and pocket the money. What do you expect. We are seeing a Commodity Crash and the Chicago Boys are shorting the market as to protect their Stake. Can you say,China is a clasped house of cards,you got it.

[pscot]

4. There are limits to growth

It feels like we've found them.

[edhopper]

5. temporary pull back