"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."
—Andrew Jackson, letter, April 26, 1824
Monday, March 30, 2009
How does 1.2 play out? (updated chart)
Update - I added prices to a hypothetical situation. If 1.P2 topps out truncated at 999 (the inverse of the bottom) near the 38.2 retracement I may freak out.