General Options Blog

Friday Morning Reads – Ebola Here There Everywhere Edition – 10/24/14

The first confirmed Ebola case has come to New York City and with it an evening full of jokes on twitter.

Stock futures took a tumble on the report, but have recovered much of those losses.  Since the lows last week the market is back in the 'buy the dip' mode, and as long as this one Ebola case doesn't spread, the market  should recover, although $AMZN earnings aren't helping.  The stock is down over 10% after reporting a dismal quarter.

Here is some of what I am reading this morning:

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Panic Disorder

The panic selling of last week has turned into panic buying this week.   The stock market that couldn't stop falling last week now seems impervious to downside.  In human form this market would have a serious case of panic disorder,  treatable, but possibly disabling.   In stock market form, all this patient needs is a few kind words from a Central Banker to soothe its soul.

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