Got an unsolicited email from some stock market guru with this opening:
Dear Investor,
Jack Bogle is a legend on Wall Street.
As the father of passive investing, he’s arguably done more for the average investor than any other person in history.
He’s also witnessed every type of market condition imaginable.
Which is why his comments on the record amount of volatility we’ve seen this year made headlines.
Here’s what he said…
And the constant roller coaster in stocks only makes investors even more uneasy.
Is this a valid statement? I'm thinking the market has been a great deal more volatile in past times.
Dear Investor,
Jack Bogle is a legend on Wall Street.
As the father of passive investing, he’s arguably done more for the average investor than any other person in history.
He’s also witnessed every type of market condition imaginable.
Which is why his comments on the record amount of volatility we’ve seen this year made headlines.
Here’s what he said…
“I have never seen a market this volatile to this extent in my career. Now that’s only 66 years, so I shouldn’t make too much about it… I’ve seen two 50% declines, I’ve seen a 25% decline in one day and I’ve never seen anything like this before.” — Jack Bogle, Vanguard Founder
Make no mistake, this historic bull market is in uncharted waters. And the constant roller coaster in stocks only makes investors even more uneasy.
Is this a valid statement? I'm thinking the market has been a great deal more volatile in past times.