Will We Ever Again Trust Wall Street?
February 8th, 2010
| Category: Personal Finance
For many investors, the market’s turbulence hasn’t just destroyed wealth. It has shattered their faith in the financial system itself. Consider Philip Eberlin, 56 years old, who runs a woodwork-restoration business in Chicago Heights, Ill. Trading hot stocks a decade ago, Mr. Eberlin got burned on picks like Krispy Kreme and Tyco. In 2007 he got back into stocks, only to take another hit. “Having been burned twice in 10 years,” says Mr. Eberlin, he now has about 80…
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