Crapshoot Investing
In just the past few years, the equity markets have been transformed into a high-speed casino thatas a pure crapshoot: a white-knuckle rollercoaster ride that has left individual investors legitimately terrified of equities. The Flash Crash of May 6, 2010awhen the DJIA plummeted 734 points in 17 minutes, and dozens of top companies traded as low as zeroawas just a harbinger of disasters to come. In Crap Shoot Investing, Barronas Washington Editor Jim McTague reveals the twin causes of this massive transformation: high-frequency traders using mathematical hocus pocus, and blundering regulators whose attempts to promote long-term investment have massively backfired. McTague takes you through the Flash Crash moment by moment, revealing what happened and how it happened. Next, he burrows aunder the volcanoa to uncover the titanic, uncontrolled forces now at work in equity markets, showing investors exactly what theyare jumping into when they buy and sell stock today. Youall learn how new exchanges, desperate for cash, are attracting high-frequency traders at everyone elseas expenseab how adark poolsa of hidden trades are tilting the playing fieldabhow even small investors are promoting dangerous volatility. McTague explains why regulators continue to ignore the big picture as the markets accelerate towards chaos. Last but not least, he presents a rational strategy for investors who need to get ahead in markets that have become riskier than most casinos. qA valuable read for anyone considering investing in equity markets.q Reprinted with permission from CHOICE http://www.cro2.org, copyright by the American Library Association.The change in the investment landscape wrought by Regulation National Market System (NMS) had occurred so quickly ... In his mind, there were two major exchanges, the New York Stock Exchange (NYSE) or aBig Board, a and the NASDAQ.
| Title | : | Crapshoot Investing |
| Author | : | Jim McTague |
| Publisher | : | Pearson Education - 2011-02-23 |
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