Covid-Omicron kills the world markets. Oil down 13% !

thecoder

thecoder

Markets_on_2021-11-26-Fr.png

Source: YahooFinance


https://sputniknews.com/20211126/us...on-new-covid-19-variant-fears-1091046887.html
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US Dow Loses More Than 2%, Global Oil Prices Drop by 11% on New COVID-19 Variant Fears
13 hours ago (Updated: 9 hours ago)

WASHINGTON (Sputnik) - The Dow Jones industrial average on Friday plunged at open by about 800 points or 2.5% amid concerns over a newly detected variant of COVID-19.

The sell-off comes after the discovery of the new COVID-19 variant, known as B.1.1.529 in southern Africa, which has more mutations to the "spike protein" than past variants, meaning that it could hamper the body's immune response and spread more easily.

Global oil prices also took a hit amid fears that the emergence of a new strain, possibly resistant to vaccines, would result in a global economic activity slowdown akin to the one witnessed in 2020 and hence a reduced demand for crude. The benchmark blend of oil, Brent, took a dive by 11.26% from $82.26 down to around $72.84 per barrel. The American benchmark blend, WTI, in turn, lost 12.57%, slipping from $78.28 down to $68.16 per barrel as of 16:52 GMT.

The fall places current oil prices at a two-month low not seen since 22 September. For the last two months prices for crude have been rallying amid growing demand that has even prompted the US to open up some of its oil reserves.

<... ctd at above link ...>
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maxinger said:
Your title doesn't seem appropriate to the traders.


Covid-Omicron kills the world markets. Oil down 13% !

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Covid-Omicron created massive trading opportunities!
Oil moved 13% !
Various Asian, European, US index futures moved 5 - 10% !
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Can't believe I was too chicken shit to take a position to take advantage of it. :mad: So mad at myself. :banghead::banghead::banghead: Did anyone else notice that WHO skipped a letter in the greek alphabet in naming this variant? Scientists were fully expecting it to be named "nu" using "n" as the next alphabet but WHO totally skipped "n" and went straight to "o" and named it "omicron". Wonder if this has to do with the number of mutations on it that it's mutated so much that it needed to move two letters to name it?
 
JSOP said:
Can't believe I was too chicken shit to take a position to take advantage of it. :mad: So mad at myself. :banghead::banghead::banghead: Did anyone else notice that WHO skipped a letter in the greek alphabet in naming this variant? Scientists were fully expecting it to be named "nu" using "n" as the next alphabet but WHO totally skipped "n" and went straight to "o" and named it "omicron". Wonder if this has to do with the number of mutations on it that it's mutated so much that it needed to move two letters to name it?
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I think it's just cause "Nu" is confusing.
 
SteveM said:
This new variant was discovered in July. We are being played. Again.

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https://archive.md/6VbET

Article is from JULY 12, 2021:

"Scientists in South Africa have discovered a small number of cases of a new COVID variant. They’re working to understand its potential implications but told a news conference that it had a ‘very unusual constellation’ of mutations.

They’re concerned that they could help it evade the body’s immune response and make the variant - named B.1.1.529 - more transmissible.

These scientists are part of a global network of government scientists and academics searching for new strains of COVID-19, like this and other previous variants - like Delta.

So how do scientists identify and track new COVID variants as they arise?

Viruses are microscopic parasites that can’t survive for long outside the body of a host animal. As living organisms, they are much smaller than bacteria – the polio virus, for example, is 10,000 times smaller than a grain of salt.

But they do have their own DNA or RNA (Deoxyribonucleic acid and Ribonucleic acid), the building blocks of life.

This allows them to mutate into new forms. In the case of SARS-CoV-2, the virus that causes COVID-19, scientists have so far identified four variants that have been classified as being of concern because they spread more easily, are more virulent or resistant to vaccines.
So how are they detected? Alpha as an example

The UK or Alpha variant of the COVID-19 virus was first seen in Kent, southeast England, in September 2020. Dr Meera Chand was one of the epidemiologists monitoring the situation. “We immediately knew we had found something very concerning,” she said in a post on the Public Health England website.

“Normally when you’re looking at samples you would expect to see lots of small clusters made up of multiple strains that are all slightly different. But when we looked at Kent, we saw about 50% of the samples were extremely similar, forming one massive cluster.”
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Ackman confirmed.
 
JSOP said:
Can't believe I was too chicken shit to take a position to take advantage of it. :mad: So mad at myself. :banghead::banghead::banghead: Did anyone else notice that WHO skipped a letter in the greek alphabet in naming this variant? Scientists were fully expecting it to be named "nu" using "n" as the next alphabet but WHO totally skipped "n" and went straight to "o" and named it "omicron". Wonder if this has to do with the number of mutations on it that it's mutated so much that it needed to move two letters to name it?
More...

Buy pullback on Monday
 
nooby_mcnoob said:
Ackman confirmed.
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That archive page was captured at 26 Nov 2021 21:29:53 UTC. The page was updated earlier yesterday to include the new info on B.1.1.529.

Take off the tin foil hats people. There are plenty of parties out there using Covid to nefariously further their own interests, but they are in plain sight. No need for silly conspiracies.
 
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