The WSJ asks Will We Ever Again Trust Wall Street? I suppose that it is only natural to pose such a question after the poor performance of equities over the past decade. However, it is worth pointing out the equity returns following another period when investors were similarly disillusioned with Wall Street.
In 1952, two full decades after the Great Crash hit bottom, only 19% of wealthy Americans regarded stocks as the wisest investment choice, according to a Federal Reserve survey. Most investors thus sat out the great bull market of the 1950s, when stocks gained 19.4% annually.
