Tuesday, November 20, 2018

will Pelosi news further crash the markets?

The markets shrugged when Trump was on indictment watch back in August. Ever since the beginning of 2018, the markets has been up and down in drastic cycles of weeks. Nancy Pelosi was Speaker of the House during the entire "Great Recession," so I wonder if the recent plunges relate to the house being "blue" the next couple years. A significant number of candidates ran opposed to having her being Speaker again, but she seems to be converting a few to her side.

I have a dilemma. Do I sell off SPHIX and buy more FSAGX? I still expect the latter to swell, while SPHIX has been falling. The dividends of SPHIX make the value dip a moot point at the moment. I might sell FSAGX sooner if it hits marks I consider safe returns rather than mere greed expectation. A 25% return may be my new target, since I expect the market to rebound once the benefits of the tax cuts are truly felt in February into Spring.

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