Will We Ever Again Trust Wall Street?

Wall Street Journal:

For many investors, the market's turbulence hasn't just destroyed wealth. It has shattered their faith in the financial system itself.

Read the whole story: Wall Street Journal

Comments

[WonderfulLife]

01:05 AM on 02/09/2010

How many times and how many ways can we say "NO"

Liars and cheats don't suddenly develop morals, values and ethics. Either they originally had those traits or they didn't. Now that we have found out the majority of them didn't -we would have to be idiots to trust them with another penny. We're broke and they're handing out bonuses from the money we loaned the system.

[SoutheastBeast]

11:11 PM on 02/08/2010

They should be asking whether or not we'll ever trust the Wall Street Journal again.

[liberal user]

09:06 PM on 02/08/2010

Economy is in bad shape...no recovery for million of unemployed peopel
hat tip to: http://liltext.com/bernanke

[yourmomscalling]

07:58 PM on 02/08/2010

NO !!

[Zen0469]

07:34 PM on 02/08/2010

How does one regain trust in this collection of thieves that one never had to begin with?

[aspecialed]

07:25 PM on 02/08/2010

I've been doing my own market analytics and trading since 1996 and have been using an online trading service since 1998. I've never trusted anything anyone on wall street has ever told me.

So no...I've never trusted anyone on wall street and never will.

Do the hard work of balance and income statement analysis and market segment analysis to determine good long term performers in the market place. Avoid the hype machines and you should be fine.

[toomanyLennys]

06:44 PM on 02/08/2010

I know its been said before, but uggghhhh NO

[doublels]

05:37 PM on 02/08/2010

My answer = a resoundinig NO.

[blacksmithn]

05:14 PM on 02/08/2010

I trust Wall Street considerably less than I trust any other gambling establishment. At least in a casino, the liquor's free. And they're better regulated!

[PartyPartyParty]

04:48 PM on 02/08/2010

The question is: SHOULD we ever trust Wall Street?

[helen]

04:06 PM on 02/08/2010

Easy answer: HELL NO

[Bogey907]

01:42 PM on 02/08/2010

Trust? We need to recognize Wall Street for what it is - a rigged casino.

[knowhelpnow]

11:26 AM on 02/08/2010

I won't but I'm sure the short term memory as a group will begin to listen to anyone that tells them it is over with and we won't do it again. What a laugh...

[blueken]

10:19 AM on 02/08/2010

This has been on my mind for some time. Every week I have money taken out of my paycheck for my 401k. Who among this den of thieves do I trust? Triple A bond rateings mean nothing. Companies have record profits but no dividends. It's like the ruling class has figured out how to have thier cake and eat it too.

[ibsteve2u]

11:32 AM on 02/08/2010

Technically, they're having your cake and eating it, too.

[blueken]

03:56 PM on 02/08/2010

You have a point there. My financial adviser tells me not to worry about my annuities, company has been in buisness since 1887, oh, like Lehman Brothers? Your municipal bonds are safe, no state has ever defaulted, oh like Calif? Geez, who is a guy to trust? I'm 60 years old. If I touch my nest egg the state will get 30%. Seems like I'm between the devil and the deep blue sea. Then he tells me I should have more blue chips, like maybe Toyota?

[ibsteve2u]

09:45 AM on 02/08/2010

lolll...now that is irony.

A Murdoch rag - "The Wall Street Journal" - pining for "trust".