John Bogle: "we’re in a recession and I’m certain it’s going to get worse"

By on October 11, 2008

John Bogle, despite his view of the economy, believes investors should stay the course because a lot of value has already been wiped out of the stock market. Bogle states, “what’s ridiculous about this is that back at the 2000 high, and again at last autumn’s high, the S&P 500 Index was valued at about $15 trillion. It’s now about $9 trillion. Does anybody in their right mind think that the value of American business has dropped by $6 trillion?”

Source:

http://www.marketwatch.com/news/story/vanguards-bogle-shares-his-bear-market/story.aspx?guid=%7b97d23c56%2df7f0%2d45cb%2db3b7%2d5f30fd2f355e%7d
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