A recent Barron's headline "Vanguard Founder Jack Bogle Says It’s Time to Play It Safe" did make it sound like Bogle has become a market timer. He hasn't, but he did make it sound like he reacted emotionally to the markets. His basic message remains, "Nobody Knows Nuthin'" about the future.
Plus a caller asks how to properly rebalance.
The term of the day is mutual fund.