MoneyNews - Bogle: Ignore This Insane Stock Market: "John Bogle, founder of mutual fund giant Vanguard, says investors should calm down and 'ignore their way through' the current market turmoil, if possible.
News that Treasury Secretary Henry Paulson would allow the government to effectively write Wall Street a blank check to cover bad debts linked to subprime mortgages sent stocks soaring in early trading.
Up or down, none of it makes sense, says Bogle.
'The market has swung up and down, valuing American business at a trillion dollars more on one day, and trillion dollars less the next day. That's what the markets are saying,' Bogle told CNBC."
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