Vanguard CEO John Brennan dismissed the ideas that stocks may be headed for a long-term bear market and that it's become a stock-picker's market, in an interview with the Pittsburgh Post-Gazette.
"If you go out now and look at 10-year results or 20-year results on the stock market, we're about where we should be. We're about normal," Brennan said. "We went through a wrenching bear market. We recovered nicely."