Wednesday links: nowhere near the end

Quote of the Day

“What’s clear is we’re in the middle of a revolution caused by indexing. It’s reshaping Wall Street, it’s reshaping the mutual fund industry. And it’s doing something very simple: shifting the allocation of stock market returns away from Wall Street and toward Main Street. We’re beyond the beginning, but nowhere near the end.”

(Jack Bogle)

Chart of the Day

Private equity firms are sitting on a pile of ‘dry powder.’