I don't believe this is true. Cramer says he hits 2 out of 3. I recently made money on Micron on Cramers advice. Wish I hadn't pulled out so soon, I could have made more. The thing about taking Cramer's advice is to wait for a pullback, don't buy on the day after he touts it. Micron went to high 13's next day, I waited and got some at $12.43. Now it's at $17. Still, I made some cash, can't cry too hard.
You are mixing apples and and oranges. The population as a whole has a large percentage of whites and a smaller percentage of blacks. Only a small percentage of the total whites get food stamps. A larger percentage of total blacks get food stamps. There is nothing wrong with that. What it indicates to me is that whites are hired faster, and to better jobs than blacks. Part of that, I blelieve, is education. Whites are better educated than blacks b/c white parents have more money and send their children to school more readily.
Half of the people getting food stamps are children.
I'm for anybody getting food stamps who needs them.
Food stamps is only a small percentage of the federal budget, less than 2 percent.
I'm for blacks getting free tuition and books if they are successful in school.
My only problem with blacks is that they don't want to act white. They want to keep their black culture. When they can speak and dress like whites they will be more accepted by whites who will give them opportunities.