Speaking at a recent industry conference, Vanguard founder John Bogle indicated that he thinks it is quite possible that it will take until 2020 for stocks to return to their 2007 highs:
“Is it possible when we get to 2020 the S&P won’t be much above 1,550? You’re darn right it is,” Bogle, 80, said in an interview at a conference in Chicago organized by research firm Morningstar Inc.
Bogle also mentioned that he expects 1 to 2 percent growth in the U.S. economy, and that stocks are more attractive than bonds at the moment.
Source: Bloomberg
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