If A Few Ebola Cases Can Make The Stock Market Crash This Much, What Would A Full-Blown Pandemic Mean? Is Ebola going to cause another of the massive October stock market crashes that Wall Street is famous for? At one point on Wednesday, the Dow was down a staggering 460 points. It ultimately closed down just 173 points, but this was the fifth day in a row that the Dow has declined. And of course Ebola is one of the primary things that is being blamed for this stunning stock market drop. Since September 19th, we have seen the S&P 500 fall about 7 percent and the Nasdaq fall nearly 10 percent. The VIX (the most important measure of volatility on Wall Street) shot up an astounding 22 percent on Wednesday. So many of the ominous signs for the markets that I wrote about on Tuesday are now even worse. If a handful of Ebola cases in the United States can cause this much panic in the financial world, what would a full-blown pandemic look like? Of course Ebola is not the only reason why stocks are declining. Just look at what is happening over in Europe. The European Stoxx 600 index is already down a whopping 11.4 percent from the high that it hit just 18 days ago. That is officially considered to be correction territory. theeconomiccollapseblog/archives/if-a-few-ebola-cases-can-make-the-stock-market-crash-this-much-what-would-a-full-blown-pandemic-mean
Posted on: Thu, 16 Oct 2014 06:13:37 +0000
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