The Stock Market

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John Wiley & Sons, Sep 7, 1998 - Business & Economics - 568 pages
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A CLASSIC REVISITED--AND JUST IN TIME

The most popular and respected guide to every facet of the stock market has now been thoroughly updated to reflect the dramatic shifts that have taken place over the past several years. This Wall Street classic continues to provide the most current and comprehensive coverage of the market's participants, principles, and practices.

In easy-to-follow, straightforward terms, The Stock Market, 7th Edition shows you how the market works. Beginning with the basics, it takes you from the market's history and products to its basic structure and operation, to the actual techniques used by shareholders and traders. Based on the authors' more than 70 years' combined experience in the field of finance, it shows you how to buy stocks, transact a buy order, and master the often tricky techniques of money management, pyramiding, options, and much more. Every topic is examined from both a broad top-down perspective and with step-by-step guidance.

Packed with clear definitions, cutting-edge strategies, and helpful examples, this new edition provides in-depth information on topics that have changed how stocks perform, as well as how they should be handled. In addition to the globalization of the securities business, regulatory changes, program trading, and advances in online services, you'll find details on key developments in several important areas, including the derivatives market, index fund investing, and technical and fundamental analysis.

Covering everything from municipal securities and maintenance calls to serial bonds and NASDAQ, this exhaustive reference is invaluable for understanding stock market fundamentals. Now more than ever, it is the one guide every market participant-whether individual investor, broker, or financial advisor-should own.

* Averages
* Bearer Bonds
* Breakpoints
* Bull and Bear Spreads Common Stock
* Covered Options
* Derivatives
* Dollar Averaging
* Excess Equity
* Exempt Securities
* Flash Prices
* Hedging
* Municipal Securities
* New York Stock Exchange
* Price-Earnings Ratio
* Puts and Calls
* Reverse Splits
* Rolling Over
* Stock Splits Straddles
* Transfer Agents
* Zero Coupon Bonds.

Praise for previous editions of The Stock Market

"This is a terrific primer on the industry. The authors have created an easy-to-understand and thorough update of this investment classic."
Michael Holland, Vice Chairman, Oppenheimer & Co., Inc.

"The classic every investor who has ever read a book grew up on . . . for both the beginner and the experienced professional alike, this [new] edition is a marvelous reference tool. A must for every investment library."
Stock Market Magazine

 

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The Stock Market

Contents

Securities Markets and Securities Owners
3
Corporate Securities
17
U S Government and Municipal Securities
57
Reading the Financial Page
77
PART TWO WORK OF THE STOCK EXCHANGE
99
Its Function and History
101
Organization and Membership
133
Listed Slocks and Bonds Tickers and Quotations of the New York Stock Exchange
143
Securities Delivery Transfer and Clearing
312
PART FOUR REGULATIONS
327
Manipulation in the Old Market
329
Regulation SelfRegulation and Compliance
348
PART FIVE INVESTING PRACTICES AND SPECIAL INSTRUMENTS
373
Stock Price Averages and Indexes
375
Investing and Trading in Common Stocks
389
Investment Companies
411

Trading Procedures
154
The Nasdaq Stock Market and the National Association of Securities Dealers
195
The American Stock Exchange and Other U S Stock Exchanges
211
Foreign Stock Markets
225
PART THREE WORK OF THE SECURITIES HOUSES
245
The Customer and the Broker
247
Margin Trading
271
Investment Banking
288
Fundamentals of Stock Prices
432
Technical Analysis of Stock Prices
449
Options Futures and Other Derivatives
471
Convertible Securities Warrants and Rights
495
Sources of Information and Security Rating
508
Glossary
524
Index
555
Copyright

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About the author (1998)

RICHARD J. TEWELES, PhD, has more than 40 years of experience as an investment broker and consultant. A Professor Emeritus of Finance, Real Estate, and Law at California State University, Long Beach, he has been an allied member of the New York Stock Exchange and the American Stock Exchange, and has held memberships on the Chicago Board of Trade, the Chicago Mercantile Exchange, and the New York Mercantile Exchange. Dr. Teweles is the author of The Futures Game: Who Wins? Who Loses? Why?

EDWARD S. BRADLEY is a former vice president of Salomon Brothers. A faculty member at the New York Institute of Finance, he is involved in the creation and review of questions for the current Registered Representative Stock Broker Exam.Thoroughly revised and expanded to reflect the enormous changes in the stock market over the past several years, the 7th Edition of this Wall Street classic is an essential resource for anyone involved in the world of finance. From the globalization of the securities business to trading on the Internet to new regulatory changes and how they'll affect you, no other single work brings this much practical information into such sharp focus. Here's where you'll find the essentials of every aspect of today's markets.