Oct 24/14 – How do you discount Ebola?

This morning everyone is focusing on the recent diagnosis of a NYC doctor with Ebola. We first heard word about the possibility of an Ebola case in America’s biggest city late yesterday afternoon. On the news, they immediately clocked the S&P 500 for 12 handles. I saw many dire predictions about the possibility of a 30 to 50 handle drop if the patient w…