Sunday, September 06, 2020 10:42:54 AM
57 days to the elections, mail in voting started some places, and Trump is in a terrible state. Trump and Biden are level in TEXAS!! You know it is bad when a Republican is in trouble in Texas
I just don't think the risk here is worth it
No administrative action means JPS drops again, probably FNMAS goes back to $5-6... and then it all rides on SCOTUS
My lesson here has been not to rely on Federal Judiciary -- and ask Hank Greenberg what he thinks, too. SCOTUS likely gives a "clever" verdict making the legal points they want with no monetary return for shareholds -- like AIG... That is a real possibility
Everyone here will scream and shout and stamp their feet, but these are very real risks... I would rather invest in energy stocks where the returns are similar but the risks are far lower imho
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