Goldman Slams Omicron Panic: “This Mutation Is Unlikely To Be More Malicious; No Reason For Portfolio Changes.”
https://www.zerohedge.com/markets/goldman-slams-omicron-pani...
https://www.zerohedge.com/markets/goldman-slams-omicron-pani...
In any case, a serious variant is only going to postpone the Fed’s tapering and hiking schedule, and could lead to more stimulus. Both of those things are a tailwind for equities. Omicron being less serious than expected would also be a tailwind for equities.
Besides, this interpretation of the ops comment was different for me, if the virus is less deadly and people shouldn't panic sell, fewer people die and loose money, don't they.
Claiming that everyone has their own morality is only true in the sense that no two snowflakes are alike. It may be correct at the molecular level, but snowflakes are more similar than they are different. So too with human morality. Mine may be slightly different than yours, but the overlap is huge and consistent.
I think perhaps more importantly (and the reason I made the comment in the first place), morality is contextual and easily influenced. If we never talk about it, no one knows what sorts of behaviours are appropriate. So I talked about it to put a peg in the ground. You may disagree and that’s fine. You drive your peg in to the ground somewhere else. But knowing there are two pegs is important.
It’s not even close to ambulance chasing, c’mon now. I’m not trying to profit off individual deaths, I’m attempting to forecast how the market will respond to new information. You act like I’m betting on COVID death pools.
Take that for what you will, but...