Global stock markets swooned Monday, with the Dow slumping more than 900 points in afternoon trading, as investors grow increasingly anxious about a delta-led resurgence in coronavirus cases and its potential to derail the economic recovery.
The delta variant has become the dominant strain worldwide and is surging rapidly, even in countries with high vaccination rates. Positive cases are trickling steadily out of the Olympic Village ahead of the Games kickoff later this week. Many are fearful the uptick will lead to a resumption in travel and business restrictions.
I, for one, am reluctant to fly anywhere since mask-wearing is now mandatory on airplanes. Not to mention there are fewer places to visit or that I'd want to travel to. Before Covid, my wife and I had plans to visit Guanajuato, Mexico.
If masks become required in restaurants (as they are in LA) again, I will curtail my dining out. I am vaccinated but still I have a single digit chance of being infected if I spend too much time close to unvaccinated people. I don't like being sick if I can avoid it.
My chances are very low that I could be fatally infected. I have a personal rule not to dine in any restaurants where I have any chance of dying because of sanitation and health code violations, etc.