"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, April 20, 2009
Banking index topped out and BAC
Looks like a channel to me. Pullback to the sky blue support area minimal IMO. could get worse. We'll have to see with the stress test results on May 04.