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I'm sitting here in a Ramada suite downtown Beirut watching the world stock markets meltdown. Thailand, Indonesia, Ukraine, Austria, Iceland, Russia have halted trading. The North American markets are set to open lower in a half hour. This is shaping up to be the worst weekly drop since 1933. FDR here we come! Chris has fallen ill with a fever so I've got an excuse to sit in front of the T.V. Morgan Stanley $11, Merrill Lynch 13, Ford 2.50, GM 4.50, Goldman 95, Intel 15, Cisco 16, Mircosoft 21, Citibank 14, DOW 8400, Gold 925, Silver 11.50 Everything is tanking except the US crosses.
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I'm a little unfazed watching all all of this unfold as my little fund has already been taken to the cleaners a few weeks ago. 6 Trillion dollars instantly wiped out. The market is just playing catchup here.
Its funny...Here I am in a country that just came out of civil war, was invaded about 2 years ago and where Canadians are cautioned not to enter and I feel safer here while the rest of the world seems to be collapsing.... It'll pass I'm sure!