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10.15.2014 MORE Ebola! Bookmark

At 9 am Wednesday, the DOW futures are indicated down by 160 points. The S&P is down about 25. What's that all about? Well the reason that's making the rounds is that there's been another case of Ebola discovered in Texas.  But is that really the reason? My guess is no, that's not the whole reason, but it is a great excuse. Let me explain...
At 9 am Wednesday, the DOW futures are indicated down by 160 points. The S&P is down about 25. What's that all about? Well the reason that's making the rounds is that there's been another case of Ebola discovered in Texas.  But is that really the reason? My guess is no, that's not the whole reason, but it is a great excuse. Let me explain...

The market has been butt ugly for two weeks. The news flow has been uglier. Just today we learned that retail sales missed the estimates and the Empire report fell like a rock from last months readings. Over in Europe, Greece is back  on the brink of insolvency, Italy is talking about abandoning the Eurozone and Germany is down over 100 points. For anyone that was looking for a reason to sell this market and take their profits, the second case of Ebola makes the perfect excuse. No one is going to blame a money manager for selling a position when one of the most deadly viruses on earth isn't as contained as the CDC says it is.  

One thing is certain, today is going to be very interesting. Hold onto your hats this bumpy ride isn't over.

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