Crapshoot Investing
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Crapshoot Investing

Crapshoot Investing


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About the Book

In just the past few years, the equity markets have been transformed into a high-speed casino that’s a pure crapshoot: a white-knuckle rollercoaster ride that has left individual investors legitimately terrified of equities. The Flash Crash of May 6, 2010–when the DJIA plummeted 734 points in 17 minutes, and dozens of top companies traded as low as zero–was just a harbinger of disasters to come. In Crap Shoot Investing, Barron’s 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 “under the volcano” to uncover the titanic, uncontrolled forces now at work in equity markets, showing investors exactly what they’re jumping into when they buy and sell stock today. You’ll learn how new exchanges, desperate for cash, are attracting high-frequency traders at everyone else’s expense… how “dark pools” of hidden trades are tilting the playing field…how 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.   "A valuable read for anyone considering investing in equity markets." Reprinted with permission from CHOICE http://www.cro2.org, copyright by the American Library Association.

Table of Contents:
Acknowledgments     vii About the Author     viii Introduction     1 Chapter 1: Strange Encounters     11 Chapter 2: Not Your Grandma’s Market     27 Chapter 3: Screaming Headlines     39 Chapter 4: Accidental Senator     47 Chapter 5: Flash Crash     61 Chapter 6: Shock and Awe     81 Chapter 7: Poster Child     85 Chapter 8: Accident Investigation     91 Chapter 9: The Trouble with Mary–and Gary     97 Chapter 10: The Road to Ruin     105 Chapter 11: Busted!      113 Chapter 12: Precursor     125 Chapter 13: Birth of High-Frequency Trading     135 Chapter 14: Evil Geniuses?      149 Chapter 15: Dirty Rotten Scoundrels     165 Chapter 16: Dark Pools     171 Chapter 17: Volatility Villains     175 Chapter 18: The Investigation     183 Chapter 19: The Vigilantes     193 Chapter 20: The Tide Turns     199 Chapter 21: Letter Bomb     207 Chapter 22: Scapegoat     213 Chapter 23: The Real Culprits     221 Chapter 24: Investing in a Shark-Infested Market     229 Index     237

About the Author :
Jim McTague has been Washington Editor of Barron’s Magazine since 1994–a post that gives him privileged access to key players throughout Washington and Wall Street. A credentialed White House and Capitol Hill correspondent, he’s covered every administration since the first President Bush. He has appeared on NBC, CNN, CNBC, MSNBC, FOX, and is a frequent guest on FOX Business News. McTague’s extensive analysis of the underground economy in 2005 exploded the myth that illegal aliens were a small percentage of the U.S. population, triggering today’s border security debate.


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Product Details
  • ISBN-13: 9780132609722
  • Publisher: Pearson Education (US)
  • Publisher Imprint: Addison Wesley
  • Language: English
  • Weight: 1 gr
  • ISBN-10: 013260972X
  • Publisher Date: 23 Feb 2011
  • Binding: Digital download
  • No of Pages: 240


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