NEW LAWS OF THE STOCK MARKET JUNGLE PANZNER M. Księgarnia

In recent years, the stock market has undergone revolutionary change at virtually every level: new players, new technologies, new information flows, and new macroeconomic conditions. These changes are radically impacting investors, whether they know it or not. Now, you can understand and adapt to the changes -- instead of being victimized by them.

Wall Street insider Michael J. Panzner will show you how. Panzner reveals how falling transaction costs and a barrage of data are transforming traditional investment patterns, and how stocks are increasingly being bought and sold like commodities. Discover the impact that electronic trading, instant messaging, and hedge funds are having on intraday volatility and short-term direction. Learn how an era of 'boom and bust' has altered investor behaviour and risk preferences, why today's market is increasingly emotional, and why many traditional market indicators simply don't work anymore. From the growing role of derivatives to the increasing unpredictability of seasonal and cyclical patterns, this book takes you 'under the hood' of today's equity markets... so you can develop an appropriate investment strategy for today's new realities.

Table of Contents
Acknowledgements.
Preface.
I. EVOLUTION.
The Modern Jungle.
Developments That Have Influenced Today's Stock Market.
II. THE NEW LAWS.
1. Intraday Volatility.
Intraday Share Price Volatility Is on the Rise.
2. Trading Like Commodities.
Stocks Are Increasingly Being Bought and Sold Like Commodities.
3. Approaches and Attitudes.
Investing and Reason Frequently Give Way to Speculation and Emotion.
4. Information and Communications.
More Information and Faster Communications Often Have Unexpected Consequences.
5. Derivatives.
Derivatives Are Exerting a Growing Influence on Share Prices.
6. Seasonality and Cycles.
Many Seasonal and Cyclical Patterns Are Becoming Less Predictable.
7. Imbalances and Upheavals.
Aggressive Approaches and Tactics Are Leading to More Unstable Short-Term Imbalances.
8. Form and Fantasy.
Substance and Reality Increasingly Give Way to Form and Fantasy.
9. Market Indicators.
Many Traditional Market Indicators Are Becoming Less Reliable.
10. Global Factors.
Global Factors and Foreign Investors Are Exerting a Growing Influence On Share Prices. III. SURVIVAL OF THE FITTEST.
The Jungle of the Future.
Developments That Will Likely Influence Tomorrow's Stock Market.
Notes.
References.
Index.

About Author
Michael J. Panzner is a twenty-year veteran of the international stock, bond and currency markets. During his career, he has worked in New York and London as a trader and salesman for leading companies such as HSBC, Soros Funds, ABN Amro, Dresdner Bank, and J.P. Morgan Chase.

292 pages

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.