In a wide-ranging conversation, Bogle held forth on the Federal Reserve, hedge funds, and how individuals can "own their age."
"I'm telling you, it didn't get a lot of attention, but this is what made the market go up," Cramer said.
The sudden exit of Bill Gross from Pimco sparked a knee-jerk selloff in the Treasury market, a drop in Pimco closed-end funds and rallies in competitors' shares.
Bond guru Bill Gross is joining Janus Capital Group, effective Sept. 29, the company announced Friday.
Up and down Wall Street stunned investors were scratching their heads and asking one another "What happened?"
Stocks rose sharply on Friday, rebounding after Wall Street's hardest knock in nearly two months.
Take a look at some of Friday's midday movers: Apple, RadioShack, Shutterfly & more
Nearly all of Pimco's funds fell by more than 1 percent Friday morning, and its Total Return ETF (BOND) saw record volume.
U.S. stock index futures traded higher on Friday, ahead of the third estimate for second quarter GDP.
Companies making headlines before the bell Friday:
Thursday's midday movers:
For a Brownstone Brooklyn populist, likely New York City mayor Bill de Blasio has some surprising supporters in the skyscrapers of Manhattan.
"I'd say we're kind of in the fifth inning of this recovery," John Rogers of Ariel Investments says.
Check out which companies are making headlines before the bell on Friday:
The Warren Buffetts of the East failed to live up their reputations in 2012, when big-name investment gurus made the wrong calls on China while markets in India and Southeast Asia raced ahead to rank among the top performers globally.
Check out which companies are making headlines after the bell Monday.
Oct 25- Two big asset managers reported quarterly revenue declines on Thursday as investors moved into lower-fee fixed-income funds. Janus Capital Group said its third-quarter revenue had fallen 12 percent to $209 million, mostly because it had added more performance fees for its mutual funds.
NEW YORK, Oct 5- The year-long rally in junk bonds hit a bump in the road this past week, with investors beginning to show concern about high-yield debt valuations, analysts said.
*Jefferies raises Franklin Resources Inc target price to $128 from. *Jefferies raises Janus Capital Group Inc target price to $9 from $8;. *Jefferies cuts Legg Mason Inc target price to $27 from $30; rating.
Check out which companies are making headlines after-the-bell Friday: