Publishers Weekly - Publisher's WeeklyWall Street insider-trading scandals are only the tip of the iceberg, notes bestselling financial author Mayer ( The Bankers ; The Lawyers ) in what PW dubbed a ``penetrating study of world equity, commodity and currency trading prior to the October 1987 stock-market meltdown.'' (Oct.)
Library JournalMayer's thesisthat an understanding of modern markets is essential to an awareness of modern societyis as pertinent after the October 1988 crash as it was before. Mayer ( The Bankers ) focuses on the New York Stock Exchange and the various commodity exchanges, giving particular attention to the trading of stock futures and options. The crash occurred while Mayer was writing this book. Despite its catastrophic consequences, the crash provided an excellent example of market operations, and more importantly, of what can go wrong. Mayer demonstrates for lay readers as well as specialists the role that program trading played in the crash and offers ideas to prevent future meltdowns. A complex subject handled well by a seasoned financial journalist. Joseph Barth, U.S. Military Academy Lib., West Point, N.Y.
- Norton, W. W. & Company, Inc.
- Publication date:
- Product dimensions:
- 8.90(w) x 5.62(h) x 0.97(d)
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