Well said. My guess is that Omicron, similar to Delta, will be more contageous, but less deadly. So there will be high infection numbers, but people (especially those with vaccines) will not see too severe symptoms. In that case, I still expect a lot of hysteri about high infection numbers (even if that doesn't necessarily matter much).
But let's see, and show precaution until we know more.
RE: As Covid strikes back, what will Governments and Central Banks do?