image

business forward

Omicron Fears Slam Stocks Again. Why a Correction Could Be Near. - Barron's

Updated December 1, 2021 / Original November 30, 2021

  • Order Reprints
  • Print Article

To say that the Omicron variant is shaking the market would be an understatement. But add that stocks are more expensive than they’ve ever been—and a true correction now wouldn’t surprise anybody. 

The SP 500 has fallen about 4% from its all-time high hit in late November, just before scientists in South Africa reported the new Covid-19 strain. On Friday, the market had its worst day of the year. Tuesday was more ugliness—producers of vaccines and treatments predicted their remedies probably wouldn’t be as effective against...