-- Jack termed ECB's move as a stop gap solution and asked stock investors to ignore this ECB move.
-- He thinks that markets take these things too seriously like Mario Draghi saying that he will do whatever it will take to fix the European problems, but the EU's problems are too big to be solved.
-- He said today's stock market surge was a great time for sellers to take some profits.
-- Investors should not be too excited about these short-term fluctuations in the market and should keep their long-term goals in mind. His advice: "Don't do anything."
-- He also said that investors are realizing that hedge funds don't make money and are shifting back to index funds.
-- Bogle believes that stock equities will outperform bond returns and should be able to provide 7% returns going forward.
-- Bogle agrees with Bill Gross that stock market returns will be sub-par but also thinks that Bill Gross takes his whole equity market dead view too far.
Here is the video: