Stocks tank as CDC confirms first case of omicron COVID variant in the U.S.

Stocks swooned on Wednesday after the CDC confirmed the first U.S. case of the COVID variant in California.

coronavirus

FOXBusiness:

The Dow Jones Industrial Average fell over 462 points or 1.3% surrendering gains of over 300 points earlier. While the S&P 500 and the Nasdaq Composite sank 1.3% and 1.8%, respectively.

This as the VIX, the so-called fear index which measures volatility, spiked to the highest level since March.

In other tech news, Apple shares continue to attract investor interest after rising to a fresh record even as stocks tumbled. Shares, which were higher for most of the session, closed marginally lower.

MacDailyNews Take: As we wrote last Friday when news first broke that South African researchers had identified the latest COVID variant (omicron):

Never pass up an opportunity to profit from irrational panic.

Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!

31 Comments

  1. There will be variants forever. Put more emphasis and funding into improving treatment options, less on boosters of an increasingly ineffective “vaccine” (that never prevented the disease).

    1. Absolutely correct, Ken.

      “Scientists first identified a human coronavirus in 1965. It caused a common cold. Later that decade, researchers found a group of similar human and animal viruses and named them after their crown-like appearance.” Story here:

      https://www.webmd.com/lung/coronavirus-history

      Another take from Wiki to consider:

      “How long have coronaviruses existed?
      The most recent common ancestor (MRCA) of all coronaviruses is estimated to have existed as recently as 8000 BCE, although some models place the common ancestor as far back as 55 million years or more, implying long term coevolution with bat and avian species.”

      Any questions?…

    1. Excellent question, yes it does make sense. In order to infect the body the SARS-CoV-2 virus (that causes COVID 19) has to enter the body, attach to the cell membrane and penetrate the cell.
      One immune response would be to recognize and negate the virus while it’s on the cell membrane before it gets into the cell. There is no infection for this situation. Another immune response is to recognize and negate the virus after it penetrates the cell. In this situation a person would be infected, but the immune response would be quicker and more effective. This seems to be the situation with the delta variant thus for this situation you would expect subsequent infections, vaccines aren’t 100% effective and there are a lot of contributing factors to how one individual will respond.

      This is a nice article on the topic.

      https://www.tampabay.com/opinion/2021/08/10/what-we-now-know-about-how-to-fight-the-delta-variant-of-covid-column/

        1. If it is around 30% that’s still pretty impressive considering the time line for normal vaccine development is 5 to 10 years. For me at least having a vaccine around 30% effectiveness (I’d like to know where you got that number from) a couple of years after the discovery is better than having one that will be 75%+ effective five to 10 years from now. Not only that several vaccines from different countries have been developed over this short period of time, which is very fortunate.

          This looks like a nice source to compare timeline development.

          https://coronavirus.jhu.edu/vaccines/timeline

          1. So you are OK with only 30% of vaccine effectiveness and blame it on rushed development.

            OK, then tell Buffoon Biden and Fake Fauci most of the time vaccines DON’T WORK and LIFT the unconstitutional directives from the tyrant totalitarian administration, including Australia locked in your home, putting people out of work and destroying their livelihoods…

        2. Considering that the dropping effectiveness is in regards to vaccines meant for earlier iterations of Covid-19 I’m not surprised. The same would be true if you tried using a flu vaccine meant for earlier flu seasons.

          1. That 30% figure doesn’t really provide a context, more of a hypothetical “if” situation for me. From the research that is done it looks like the vaccines are closer to the expected 100%.

            Here is a recent report on a study comparing the Moderna and Pfizer vaccines, which mentions both vaccines having an effectiveness of over 90%, much more in line with what is to be expected.

            The quote at the end of the report is pretty clear: “We are lucky to have such good options. Vaccination with any vaccine is far better than remaining unprotected. The message is that the best vaccine is the one that’s available.”

            https://wonderfulengineering.com/this-new-study-by-harvard-has-compared-the-effectiveness-of-the-pfizer-and-moderna-covid-vaccines/

            1. Yes, I totally agree. But for those that stick with the 30%, for whatever reason, should understand that if that figure is true, it’s still pretty good for a vaccine that was created for an earlier strain and not the new one.

  2. Omicron appears to be mild. All the cases in Canada were mild and asymptomatic. All the cases witnesses by several doctors in Africa were mild and treated: headache, fatigue, achy muscles and not much else. But don’t let the good news spoil a good ole market crash.

    1. Nearly 800,000 dead in the US, and at least 5.2 million deaths worldwide, and some right-wing clowns still thing this is all about Trump, or about some sort of “new world order,” or about depopulating the world, or Bill Gates injecting chips into our veins.

      Are people really this stupid?

      1. Are you that stupid?

        Breaking News: Trump has been out of office for over 10 months, so why the hate cheap shots?? Also news, more people died during the Biden administration with three caccines and boosters readily available.

        Get a grip on REALITY…

        1. 1) Trump still is politically active
          2) His alleged crimes are being investigated, and this will only get louder.
          3) Robert E. Lee, the racist bastard, had more honor than the Traitorous Orange Turd.

          So he’s fair game. Forever.

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