Alec Young
Alec Young
Alexander "Alec" Youngwas a Scottish footballer and coach. He played at centre-half for the league-winning Aberdeen team of 1954–55, and was inducted into the Aberdeen FC "Hall of Fame" as one of the founding members in 2003...
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The key was the weak retail sales report that helped bond yields come in.
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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.
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You never get drops of this magnitude without something serious going on. It's not a pretty picture, and it clearly caught a lot of people off guard.
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Right now, they're close to capacity, so that relief valve isn't there.