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John Bogle, is betting on a shakeout in the industry. The vanguard of Vanguard thinks half of U.S. equity funds could disappear.

6% have already disappeared this year and there are many more yet to go. If they aren't merged, they are going to be selling their portfolios.

Richard W.

Depending on the source, one hears so many differing reasons why the market is going up, down, lateral, crash or roar back to 36,000. Some say that this last 10 days defined the bottom, and you better not miss it. Conversely, others say that this is just the typical summer rally, wait until September to November when all the busts occur. Yeah, but November is the election time. They will have the markets jacked up with all this loose credit they have flooded the world with. The boogy bear will come back after December.....This crap goes on and on.

The government clearly doesn't know when or if it can re-ignite this economy. The university professors are proving that it is a lot easier to explain the theory after the event, but they don't know anymore than the rest of us about how to solve the problems now.

I would like to read more articles by folks who cut through all the spin and marketing hype to discuss the basic fundamentals. They need to tell us about the cake before before they start hyping the icing. I want to learn how they plan to re-ignite an economy where jobs are disappearing or being replaced by low paying jobs without benefits. Does the vision for an economic rebound include a broad segment of the country, or is it narrowly defined to a rise in stock prices driven by foreign demand for US assets and exporting of US jobs overseas. Can a market that generates capital gains for a few at the expense of jobs for many continue upward. Can the Republicans survive in the politics of such an economic environment? What happens to capital markets if the unemployed or "barely employed" masses turn control over to the Democrats (i. e. socialists).