Quote from PHOENIX TRADING:
11) Oh I'm definitely greedy, I'll grant you that.
12)
Well I probably know more history than most people since I have a BA in the subject , however it has more breadth than any other field of study than I know of except possibly medicine.
11) I knew it. Although you'd have to be in the green first. They say greed is not good for trading.
12) Anyone can claim anything here. I have my doubts. Wonder why you think all of that is wrong about Hoover. Bottom line is it is psychological. People don't like the idea that there is no hope if everything is going down. What FDR did was to at least make people feel that the gov. is willing to help them because no one else will. Hoover is non-interventionist but in a crisis, not doing anything is detrimental to the psyche of the country. People can argue whether FDR's policies worked but the fact is that regular people can at least fell better that a large entity is trying to help. It's not what you as a minority think but the majority of people think that creates spending and an uptick in the economy.
That is why trading on politics is wrong. It's not what you think about certain elections that matters. It's what the crowd thinks that drives the market. You miss that whole point.