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Panicking russia to gold. the u.s. economy is doing well, backdrop in states is good. bigger question, can we continue to do what we're doing while the rest of the world erodes? >> neil: larry, the president was arguing tweet and a lot has to do with unsettled nature of democrats and talking about pursuing investigations that is adding, paradltphrasing, about uncertainty. what do you make of that argument? >> yeah, look, some post-election digestion going on here. neil, starting to get phone calls today, investors saying, i'm worry body volatility this, is not the happy go lucky complacent bul...

Week before. the dow is now down about 4% this month. the nasdaq down 7%. this week some big tech names report earnings. you have amazon, microsoft and google and snapchat the parent company as well. investors are looking for a safer bet. think banks, utilities and drug makers. numbers on economic growth also out. on friday the government releases a look at third quarter gdp. in the second quarter the u.s. economy grew a strong 4%. president trump campaigned on a promise of 4% annual growth. we'll see if the third quarter delivers. >> thanks. we have these new images just into cnn showing a ne...

Analyze this. down 15, coming off last week, what do you think? >> last week was a rollercoaster ride, massive triple digits move, up 400, down 300. this is tame. a lot of selling in the big tech names. investors rotating to blue chip names. a little anxiety here. >> bill: larry kudlow was talking with chris wallace on sunday. >> these kinds of corrections are absolutely normal. this one so far actually is rather moderate. i think it's about 5% or so, 6%. we're still ahead in the major indexes by 4% or 5%. we're cooking on all cylinders, americans, entrepreneurs, workers are crushing it. profi...

Seen in seven years. it's what you get used to. there were times when they were double digit events. in other words, when we had a ten-year note, 10% or better in the 80s. when we had a two-year note that was double what it is now. for a while triple what it is now. it doesn't do much good to say that was then, this is now. a decade of 0% interest rates set by a federal reserve that was trying to get us out of a session and a meltdown. now the trick is unwinding that. charles payne, the nasdaq was not so pleasant beneficiary of the bulk of that selling. the tech names that led us on this parad...

Today the home builders are doing well. the american consumer. i give most of the credit right now for this leg of the market to the trump administration's policy. the lower regulations, lower taxes. i looked at a couple earnings reports this morning and these companies themselves t.j. maxx said you know what? a lot of this is from the tax cuts but also i just think you get to a point where you start to do extraordinarily well and it is infectious and other people feel it. i tell you what, forget all the polls and the other stuff politically. this is 2/3 of the american economy and it is sprea...