If conservatives become convinced that they cannot win democratically, they will not abandon conservatism. They will reject democracy.
- David Frum @davidfrum
Today’s Supreme Court decision effectively guts a key pillar of the Voting Rights Act, freeing state legislatures to gerrymander legislative districts to systematically dilute and weaken the voting power of racial minorities - so long as they do it under the guise of “partisanship” rather than explicit “racial bias.” And it serves as just one more example of how a majority of the current Court seems intent on abandoning its vital role in ensuring equal participation in our democracy and protecting the rights of minority groups against majority overreach.
The good news is that such setbacks can be overcome. But that will only happen if citizens across the country who cherish our democratic ideals continue to mobilize and vote in record numbers - not just in the upcoming midterms or in high profile races, but in every election and every level.
"With a Zacks Rank #3 (Hold) for $QBTS versus a Zacks Rank #4 (Sell) for $RGTI, investors may consider holding $QBTS while avoiding or reducing exposure to $RGTI at current levels." 🤔
$POET setup
This is not a “nothingburger” headline. $MRVL/Celestial canceled all POs & said it was due to confidentiality issues. But, like or not, they use PR "effectively." After a near -50% flush, the market may have priced in more damage than the business itself.
Keeping my eye on $POET for the next 1-2 weeks. Given how much negative attention this post has gotten, I'm pretty sure we're on the right track 😆
Open trades:
1m $6.5/$10 AND 3m $8/$14 call debit spreads.
**Not financial advice**
@jonesrrrrrr $POET not a great short at these levels and almost every stock has a class action lawsuit from grumpy investors who risked/lost too much money, these days. Half of them get dismissed and the other half settle for peanuts.
$POET setup
This is not a “nothingburger” headline. $MRVL/Celestial canceled all POs & said it was due to confidentiality issues. But, like or not, they use PR "effectively." After a near -50% flush, the market may have priced in more damage than the business itself.