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.

Alec Young

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We were overdue for some profit-taking after a great run.

Right now, they're close to capacity, so that relief valve isn't there.

The key was the weak retail sales report that helped bond yields come in.

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.

A man desires praise that he may be reassured, that he may be quit of his doubting of himself; he is indifferent to applause when he is confident of success. - On Doing What One Likes.