Friday, June 12, 2009

WHO declares AH1N1 Pandemic

Just read right now that the WHO raised their pandemic alert to Level 6 on the A(H1N1) virus. My first reaction was, "What the hell!!! I am entered in a trade on the USD/JPY!". At first, I wanted to pullout the trade since it was doing breakeven. But the reader in me continued through the article (read here) and got my sigh of relief.

The World Health Organization (WHO) did declare it at level 6 (the highest pandemic alert level) meaning this thing (the virus) has spread across the planet. They did stress, though, that raising the alert level does not mean that a whole lot of people are suddenly gonna drop dead on the street nor the number of cases will shoot off the roof. No border closure nor trade and travel restiction recommneded. Hurray! This means we traders can continue doing our thing of trading and making money.

Alert level 6 means that we gotta a wide-open eye on this virus.

Trading is not affected by this alert... for now.

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