The bad news for investors is that given the scandals of the last year, only justice will bring higher stock prices. And that will take time. But there's good news, too. After badly overreaching in the Andersen debacle, the Justice Department has acted reassuringly regarding WorldCom. And the speed with which the feds have brought charges in this case suggests perhaps an era of more ethical behavior isn't so far off. Investors are living in a period without parallel. Sure, every downturn saddles some investors and wage earners with heartbreaking setbacks. But rarely has there been a group that benefitted as disproportionately at regular people's expense as the corporate insiders of the current age. At no other time have so many large corporations faced the wrath of regulators and law enforcement agencies. And when was the last time so many high-level executives were being arrested?