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Vanguard’s Chairman Sees Muted Decade for Stocks After Long Rally: Text & Video Presentation

FYI: F. William McNabb, Vanguard Group’s chairman, cautioned investors to consider reducing their stock exposure before the nearly 9-year-old rally ends.

“We would expect the next decade to actually be very modest on the equities side in the U.S., a little less so in Europe and a little less so in Asia,” McNabb said in a Bloomberg Television interview that aired Thursday. “But it’s still overall lower than long-term historical averages.”
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-01-17/vanguard-s-mcnabb-sees-muted-decade-for-stocks-after-long-rally
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