Posted on 11/29/2021 9:44:16 AM PST by SeekAndFind
And just like that, it was gone...
Nasdaq has roared back from its Omicron-triggered losses after President Biden said - despite some fearmongering over the need for vaccines ("cause for concern but not for panic") for the "omNicron" variant (that he just could not say correctly) - "...US won't need shutdowns, lockdowns this winter."
Biden went on to say that "vaccines are the reason why lockdowns are off the table," but added that he "encourages people to wear masks when indoors with crowds."
Will that be Biden's "Read my lips" moment?
Despite there being no need for a lockdown, he is maintaining his 'racist' travel ban.
Nasdaq has rallied over 2.2% to erase all the variant-anxiety-driven losses...
Small Caps remain the biggest laggard still from the initial Omicron news, followed by The Dow and S&P.
Cryptos have also ripped higher on Biden's comments...
Bonds and the dollar remain notably away from pre-Omicron levels still.
s I said over the weekend, the elite liberals know that if they continue to manufacture the hysteria the stock market will collapse from this artificial black swan non-event. They had to tone down the initial white-hot rhetoric. Doctors from South Africa were going, “Why the panic?”. But the corrupt MSM, eager to create more hysteria, started running amuck with their irrational weirdness.
Fauci, ever eager to be in front of a TV camera, was doing all he could to help set up a panic springboard if he thought this would lead to more TV time where he could continue to extol himself as science incarnate.
Oregon is going passport route.
It truly was a TEMPEST IN A TEACUP as the knowledgeable South African doctor stated.
But THEY will still keep the FEAR PORN going on it.
I recall on Friday when the Markets tanked the usual easily panicked FReepers were at it again with comments such as, “this it it” and “it’s all over now” and “here it comes and on and on and on...
I bought the dip (against my brokers advice) and if this rally holds I will clean up.
CNN gal clamoring for mandatory vaccines to fly.
I’ll wager that “Omicron lockdowns” will begin within the next 30 days.
You invest in the market. Some of those Freepers that you mention invest in doom and hysteria. They feed off of it. They need disaster and a falling sky. It’s all they live for, so they hope that they can then die.
Doubt if 1/2 the country would comply with whatever lockdown they would implement.
Slow and steady is the way to go and if you stick with index funds like the S&P 500 you can never go wrong over the long term.
People who "panic sell" over click-bait headlines like "DOW FUTURES DOWN 1,000 POINTS" always end up losers and the pros end up cleaning their clocks on the rebound.
Even when the "bottom was falling out" in the 2007-2008 period, I never made any adjustments to my long term plan.
You'd think after one Joseph P. Kennedy turned everyone else into suckers during the Great Depression, people won't sell on "panic headlines." 🙄
“I bought the dip (against my brokers advice) and if this rally holds I will clean up.”
I see what you did there. You invested in TP!! Dinja.
1.9 % big deal
The democrats have a better ministry of propaganda than hitler. He would have been jealous.
Anyone who doesn’t believe that this wasn’t all to plan and didn’t enrich some people handsomely - it’s sole purpose, perhaps a ‘test’ - is themselves being played like a fiddle.
Sad.
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