J. Bogle: The market is fully appreciated

When the index fund father - Jack Bogle, talks, everyone listens. And Bogle has a lot to say to investors. In his last interview, he said that the market is fully appreciated.
Although two of the three major US indices fell last week, they all reached new record highs this month. And that makes Bogle, the founder of the Vanguard Group, to believe that the market is fairly valued at the moment.
According to his standarts, the financial ratings of companies are quite high, said Bogle in an interview with TheStreet. He added that his standards are high.
This year, the Dow Jones Industrial Average blue chip index passed 20,000 points and is currently trading close to 23,000 points. Technological Nasdaq rose by 22.42% since the beginning of the year, while the broad S&P 500 grew over eight consecutive days, registering its longest winning series since 2013.
It is good for investors to realize that the market is fully appreciated, and if they feel nervous about its condition, it may be better to close a portion of its portfolio, thinks Bogle.