Are we there Yet?

Cute dog behind the kitchen table


Now that we have reached December and the Omicron variant of the coronavirus is looming as a possible threat, the financial industry reassurers of the public are out in full force.  The implicit logic so many of the TV and radio talking heads use is dismaying, and much of the consternation revolves around the seemingly innocuous word ‘yet’.  Time and again, commentators over the past few days have said that we should not panic – yet.  They also acknowledge that we don’t know enough about the new variant – yet.  They consistently acknowledge that it’ll be a couple of weeks before we can say anything for sure.  What will they say then?


The problem I have with the caution to not be hasty is in the literal application of the simple word ‘yet’.  Not now…. maybe later.  Is that really the case, though?  If there was a circumstance where panic was truly warranted, would financial commentators step up and tell us we would be within our rights to do so?  Using the word ‘yet’ implies that they will.  I doubt it. Conversely, if there is never a circumstance when panic is warranted, why do they use the word ‘yet’ at all?  It implies circumstantiality that never manifests.  If something is never going to happen, why tell people not to worry about it ‘yet’?


Here’s a challenge.  Name a time when financial commentators allowed that panicking would be justified.  Please be as specific and detailed as possible in doing so.  I’ll wait.   I suspect I’ll be waiting a long time.  The reason is that such advice has never been given…. yet.

John DeGoey

Connect with John on LinkedIn and learn how STANDUp Advisors can help you.

Recent Posts

The information contained herein has been provided for information purposes only.  The information has been drawn from sources believed to be reliable.  Graphs, charts and other numbers are used for illustrative purposes only and do not reflect future values or future performance of any investment.  The information does not provide financial, legal, tax or investment advice.  Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance.  This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Market conditions may change which may impact the information contained in this document.  Wellington-Altus Private Wealth Inc. (WAPW) does not guarantee the accuracy or completeness of the information contained herein, nor does WAPW assume any liability for any loss that may result from the reliance by any person upon any such information or opinions.  Before acting on any of the above, please contact me for individual financial advice based on your personal circumstances.  WAPW is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.