CNBC’s Jim Cramer stated Wednesday that despite the popularity of Covid Omicron, it is unlikely the U.S. or other countries will reimpose extensive economic restrictions. This should make stocks bullish.

I think that we could probably get rid of the possibility of a lockdown. In the spring of 2020, you can see one industry after the other being destroyed as hospitals became overwhelmed and the states cut their economy to flatten out the curve. This isn’t going to happen,” said the host of “Mad Money.”

Since late November in southern Africa, the first omicron-related cases were reported. This has led to a rise in cases in the Northeast. According to the Centers for Disease Control and Prevention, this variant accounts for approximately 5% of all cases. 90% of the cases in some parts of the country, CDC director Dr. Rochelle Walensky said Wednesday.

The stock market still rallied on Wednesday, as investors seem to be more at ease with their investments health risk.

Cramer focused on the striking decline of South African cases with fewer deaths in the current wave than the previous. authorization of a Pfizer antiviral pillby the Food and Drug Administration and the Department of Defense to develop a more complete vaccine are both reasons for optimism about the country’s ability handle Covid.

Cramer said that schools aren’t closing due to administrators being better at dealing with the virus. Cramer stated that we do not have the political will or ability to shut down all kinds of businesses. We might have to take some measures of social distancing, cut down on hours, but we won’t shut down everything. With the possibility of a quick vaccine to combat the disease, and with South Africa’s trajectory and the U.K.’s omicron pathology.

Cramer suggested that trades from the “roaring 20s” could resume if the U.S. outbreak subsides within a few more weeks. This scenario would prove to be positive for some companies and travel stocks (including cruise lines) he stated.

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