
The 86-year-old investing legend has spoken. Pay attention.

(Bloomberg) -- Asset-management giant Vanguard Group is shutting down one of its US exchange-traded funds for the first time. Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapWall Street Banks Prep for Grim China Scenarios Over TaiwanInterpol Issues Red Notice for Terra’s Do Kwon, Korea SaysThe $39.7 million Vanguard U.S. Liquidity Fac

There's nothing like a bear market to remind S&P 500 investors how low stocks can go. And it's a surprisingly low number per share.

Analysts at the mutual fund giant Vanguard estimate the likelihood that the U.S. will drop into a full-blown recession sometime during the next 12 months at 25%, and some time during the next 24 months at 65%. The Vanguard analysts … Continue reading → The post Vanguard Says There's a 65% Chance of a Recession – Here's What to Do appeared first on SmartAsset Blog.
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