Supreme Court had an impact on fnf. No doubt
But. there are other factors like the modified NWS.
Furthermore, what we owe keeps increasing. The only difference between jps and commons is priority. Some will say the jps is also worth nothing because of the sps. We dont believe in that and we as a whole have enough to influence the price. In other words, we got support.
Just like jps commons are expected to be worthless. Its just that the big boys seems to be more confident with the jps and rightfully so. They do not support the commons.
Commons do not have support right now. But that does not mean future events cannot happen like a speculation on gov take less on the sps and the assets of the utility will be 250b - 400b. Its all speculation. Its all about what your speculations are.
I am not defending the commons. I am just pushing back on what you call ignorance. We lose Lamberth, that ignorance will expand to cover us all. We lose Lamberth, what you said about commons will apply to us all. We win Lamberth, commons will rise too. Even fannie commons, who got left out of the party.
The bottomline is we are on the same boat. Commons do not have support and jps does because of priority. Its that simple....
Also the risk factor. If you can get a 10 bagger with jps and with less risk you take it. You take that over commons any day....go figure