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Financial Post: Jack Bogle warns ‘Prepare for two massive market declines in the next decade’


Blog by Brad Herman | April 3rd, 2013


Jack Bogle is the founder and chairman of mutual-fund giant Vanguard Group and is widely credited for popularizing index funds, a staple for buy-and-hold investors.

Today, he was on CNBC, and he had a bit of a startling prediction.

CNBC anchor Scott Wapner put the question to Bogle: “You say, ‘prepare for at least two declines of 25-30 percent, maybe even 50 percent, in the coming decade.’ For a buy-and-hold guy, that’s a little concerning, don’t you think?”

http://business.financialpost.com/2013/04/03/jack-bogle-warns-prepare-for-two-massive-market-declines-in-the-next-decade/