So the past couple days, the stock market has been down; including a little mini-crash (or “market correction”) yesterday … what does this mean? Well, for me it means that since Friday, I’ve lost almost $4,000.00.
So what do I do? I take the opportunity to rebalance, shifting some money out of my stable value fund to buy more of my company’s stock. We’ll find out today if this was a good plan, or if I should have waited.
In other news, the Financial Times is reporting:
The rapid expansion of biofuel production may be welcome news for environmentalists but for the world’s beer drinkers it could be a different story.
Strong demand for biofuel feedstocks such as corn, soyabeans and rapeseed is encouraging farmers to plant these crops instead of grains like barley, driving up prices.
It’s a good thing I’m a vodka drinker, because as we know, vodka can be distilled from damned near anything; even grapes, as evidenced by my current favorite, Ciroc … mmm, yummy.
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