Dow gives up 500-point gain after first COVID omicron case found in U.S.

BobPSU92

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Oct 12, 2021
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The Dow was up 500 points and now is negative after the first case of omicron was found in the U.S. (California). Come on, Wall Street. Overreact much?

We’re so f*cked.
 

s1uggo72

Well-known member
Oct 12, 2021
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I think the guy that tested positive is already feeling better. Test positive 11/29/2021 iirc

“We feel good that this patient not only had mild symptoms, but actually the symptoms appear to be improving.”

 
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BobPSU92

Well-known member
Oct 12, 2021
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I think the guy that tested positive is already feeling better. Test positive 11/29/2021 iirc

“We feel good that this patient not only had mild symptoms, but actually the symptoms appear to be improving.”


We’re screwed. 😞
 
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Woodpecker

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Oct 7, 2021
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I think the guy that tested positive is already feeling better. Test positive 11/29/2021 iirc

“We feel good that this patient not only had mild symptoms, but actually the symptoms appear to be improving.”

Buy! Buy! Buy!
 

TiogaLion

Well-known member
Oct 31, 2021
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Buying VOO as I type, loving these temporary pull backs.
I recommend IUSG. It's an S&P Growth ETF. Here's a comparison chart showing both VOO and IUSG. Of course if you think the market is going down you may want to listen to others.

 
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91Joe95

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Oct 6, 2021
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Worldwide deaths from the Omicron variat. Zero.

Yes, but US deaths from Covid this year are greater than last year, and that's with three vaccines and new treatments that were not available last year.
 
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searay26

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Oct 27, 2021
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Yes, but US deaths from Covid this year are greater than last year, and that's with three vaccines and new treatments that were not available last year.
People will tell you that's because more unvaccinated people are dying - for some reason. IMO the point is, there has been nothing yet to suggest that this variant is as dangerous as the previous variants. Until that is known, maybe everyone should relax a bit, instead the media is pushing the panic button. Fear sells.
 
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BobPSU92

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Oct 12, 2021
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People will tell you that's because more unvaccinated people are dying - for some reason. IMO the point is, there has been nothing yet to suggest that this variant is as dangerous as the previous variants. Until that is known, maybe everyone should relax a bit, instead the media is pushing the panic button. Fear sells.

The U.S. was largely shut down last year. There has been more opportunity to spread the virus this year as things have opened up.

As always, the open questions are who is dying and why?
 
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BobPSU92

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Oct 12, 2021
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The Dow was up 352 just a few minutes ago. Now it’s up 283. Did they find another case of omicron in the U.S.? 🙄
 
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psu31trap

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Oct 29, 2021
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Another killer virus on the loose! The stock market takes a hit, the media injects a moderate dosage of panic into our lives and politicians push for millions of additional mail in ballots for the upcoming 2022 elections.
 
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s1uggo72

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Oct 12, 2021
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The Dow was up 352 just a few minutes ago. Now it’s up 283. Did they find another case of omicron in the U.S.? 🙄
thats so 24 minutes ago, program traders have kicked in now up 442, wait a minute, that too will change
 

91Joe95

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Oct 6, 2021
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People will tell you that's because more unvaccinated people are dying - for some reason. IMO the point is, there has been nothing yet to suggest that this variant is as dangerous as the previous variants. Until that is known, maybe everyone should relax a bit, instead the media is pushing the panic button. Fear sells.

Just a guess, but I don't think it's the danger of the variant the markets are worried about.
 
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Aquapong

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Oct 14, 2021
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500 points really isn’t that much with the Dow at 29k. When I was a kid the Dow was at 2000. 500 points in a day would have been apocalyptic.