Fannie Mae (FNMA)

[contrarian bull]

If the supreme court turns down a case it is a judgement. A judgement that the previous courts were obviously right.

If they take a case it means they feel that prior court might have been incorrect. That's why there is such a high reversal rate for cases they take. For cases they don't take it's a 0% reversal rate, although sometimes they will ask the prior court to review it again.

So - if they take up the case it is very good news.

We might see that and more if the supreme court decides to take up the case on FEB 16th. There might be a delay since the announcement of the cases taken up are made the following Monday, which is a federal holiday and SCOTUS is closed.

Just looking at the supreme court statistics for 2016 at link #1 below, 79% of the cases heard resulted in a reversal of the lower court's opinion. Several of the affirmed cases that I looked at had to do with appeals by criminal defendants or private parties. Of the 7 cases decided since OCT 2017 (link #2), there has been a 100% reversal rate. I'll take my chances, especially with Gorsuch appearing to be skeptical of government agency action.