ofpoke to jack bogle vanguard group.spoke about his predictions for 2016 and his three factors for predicting those returns. knows the future. i am guessing the economy will slow a little bit. it's been doing reasonably well. in, not see large changes say, the growth of our gross domestic product, probably a 3% rate next year. i don't think a recession is very likely. but investors have to understand that anything can happen in the economy, and anything can happen in the markets in the course of the year, so it's better to bet on the long term. betty: i know you're all about the long-term, but on that note, if you look at where treasuries are trading right now, and you look at the returned you have gotten, even if you were an index investor this year, you would've only got a 2% return. that seems to signal that something is wrong here. >> i don't think it is a signal that something is wrong. it is just a time where the general level of interest rates, nominal interest rates, is very low. the general level of real interes

let's see what jack bogle has to say for next year.st metals, it's been a tough year and how will these commodities do next year? was the taking oframadi a turning point in the war? ♪ we are about 90 minutes into the trading session. let's go to julie hyman. this rebound we are seeing in the market? julie: it is larger than the decline we saw yesterday. it's a significant bounce back today in the major averages. all of them are approaching 1%. it's up the broad-based rally. usually, when you look at the ordership in a rally declines, it stays steady but there has been some bouncing around today. the top spots in right now in terms of percentage gains but it is tied with information technology. you see all green on the screen as the industry groups are up. energy is now up the least, it's given up the strength from earlier today. i mentioned technology and the big cap tech stocks are individually contributing the most. amazon is extending its already fairly spectacular gains for the year to date. apple is rebounding after what has been

what advice does jack bogle have for investors in 2016?cable and consumers. cable prices are going up again. 2015 was a rough year for the world's wealthiest. before richest people shed a combined $19 billion this year. a look at the bloomberg billionaires index. first, let's go to the markets desk with julie hyman. julie: rising to the highs of the session, the s&p now up 1% year to date as we see this burst of activity for the major averages, all of by more than 1%. it is a broad-based rally.

what advice does jack bogle have for investors in 2016? a major disconnect between cable and consumers. cable prices are going up again. 2015 was a rough year for the world's wealthiest. before richest people shed a combined $19 billion this year. a look at the bloomberg billionaires index. first, let's go to the markets desk with julie hyman. julie: rising to the highs of the session, the s&p now up 1% year to date as we see this burst of activity for the major averages, all of by more than 1%. it is a broad-based rally. you will see a lot of green on your screen. information technologies leading the gains but health care and consumer discretionary our neck at that. financials have been strong throughout the day. we should mention, this is on lower volume, of course, being a holiday week. volumes are 40 percent below the 100 day moving average. technology is the best performing group today, individual stocks lending the most to the gains include apple, which is bouncing back after what has been a week month for the company. amazon has got

betty liu talked about that with the founder of vanguard, jack bogle, one of the claimants to the --cker, are a bad stock picker. there is someone on the other side of every trade. net that needs to be scattered. clearly talking his book. why is it so much harder to be an active investor in today's market? moves occur soet quickly. looking at august 24, you had stocks down 15% or 20% in three seconds. michael: if you hold on, they recover. joyce: that not back to where they were. you can get knocked out of them at a bad moment in time. you have to be able to hold onto them and have them come back. knowing the companies and fundamentals of those companies, taking a longer term, that is how you will find the best value. michael: what is most -- erik: what is most challenging? value, growth, or momentum? a fascinating story on monday about asset allocation ideas. you're thinking that this is the year to be in bonds, stocks, or commodities -- last year there were no gains to be had. 2016,ve to think that in is there anything that will break the trend, or will we continue with the flat? s

eastern, the vanguard group founder jack vogel. bogle.advice would be give to their 18-year-old self if they had the opportunity? do, andg what you working hard at what you do are the two best things that you can do. when you cease to love it, find something else. >> don't worry so much about being right. the ride, do your analysis, but the effective. so many times we get lost in being right, and not being effective, and we actually leave it up to the effective people that are wrong. it would be try to be effective within the bounds of reasonable offenses, as well as being right and figuring it out. foron't go into a field money, go to a field because you have a passion for what that field entails in terms of activity. to say a slightly differently, i say, do what you love, love what you do. you are bound to be successful. biggest advice is be aware that there will be setbacks, and it is all about how you respond to them. when i was 18, i thought life was a linear progression from one stage to the next. it takes a more interesting path th