A New Variant Emerges
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The Market Commentator discusses a new COVID variant, named Omicron, that rocked global markets last Friday. Andy also offers his thoughts about how investors should cope with this new variant.
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The old variant didn't get me I'm not much worried about the new one. Covid fears are overblown. The flu is worse.
Susan Miller is correct. But as Biden said, Omicron is reason to be cautious, not panic. We don't know enough about it yet one way or the other. More will be come clear in the coming weeks. In the meantime, some extra caution is never a bad thing.
People haven't thought the flu was worse since the earliest days of Covid, before it was even called a pandemic. It's killed over 5 million people, and maimed millions of survivors. It's far worse than the flu.
You are a little late to the party.