david: bob iaccino, there are two things here.st of all i said the i believe state governments more than the fed governments. secondly we tried the voluntary quarantines, they didn't work. remember the crew from television, said we'll quarantine ourselves. they went out to the malls and shopped and did all sorts of things. shouldn't you have some mandatory quarantines? >> well, illinois is one of the states as well, right? we did a little lower pitch of a whoo-hoo than they did in new jersey. that is one of the responsibilities of government but this particular case is the responsibility of state government. their main role is to protect the citizens of the country from invasion but i just don't think it is the federal government's role at all. i think state by state is it fine because those governors will be responsible. you see governors, even in democratic states like illinois, a blue state, we have those quarantine rules in place. it is not a political thing by party. people want to stay in office. so they want to protect the

bob iaccino at cme live. bob, let's begin with you? why such tentative movements back and forth? >> well i think, look, when we start talking about what happened in the market over this past week 1/2, it was a rough start to the week but i think people attributing this to ebola is probably a little bit of a stretch. i don't think anything going on in dallas specifically, look what is going on in africa, 30,000 some odd people infected by ebola. i think the u.s. has a little better controls. 30,000 people in the u.s. would be absolute tragedy. i would call that controlled when you talk about epidemics or pandemics. on 25th we saw a technical change in the market, september 25th. we got short the s&p and we got short the nasdaq. we reached our targets today. i covered those positions. we bought twitter around 50. we bought tesla and other momentum and tech stocks we think will rebound from here. david: certainly seems, brad, we were oversold in certain areas. i talked about airline stocks. i mentioned delta by the way. it was united that brought that ebola patient over. delta is a

david: i want to go back to bob iaccino here. joe, we haven't forgotten about you. we'll come to you right next. bob, you're a buyer even though you still see weakness in this market. why? >> i think this correction has been the thing that everybody has been waiting for, to sort of confirm this is a healthy bull market. you have to have these corrections in healthy bull markets. you have to flush out some speculation, bring more of that value money in. i do think this will do that. it is interesting because you have two fed governors think wage inflation and inflation overall is coming in. i agree with bob. i think bob is talking the exact, along the exact correct line in terms of inflation nowhere to be found. new qe will not happen. you have oil prices lower which is decent replacement for qe. not as big obviously. if you guest sustained $10 move a barrel lower for 12 months that is plus 25 basis points of global gdp. that can actually happen. liz: there is near irrepressible behavior response among many market participants to rush to treasurys. we bring in joe dur