We were overdue for some profit-taking after a great run.
"Alexander "Alec" Young" was a Scottish footballer and coach. He played at Defender (association football)/centre-half for the league-winning Aberdeen F.C./Aberdeen team of 1954-55 in Scottish football/1954–55, and was inducted into the Aberdeen F.C.#AFC Hall of Fame/Aberdeen FC "Hall of Fame" as one of the founding members in 2003.
More Alec Young on Wikipedia.The key was the weak retail sales report that helped bond yields come in.
Just when you think you're almost out of the woods, Wall Street has a way of changing the subject. The focus now is, how much will the economy slow and how much of a negative effect will that have on earnings.
Right now, they're close to capacity, so that relief valve isn't there.
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