How The Stock Market Works
Dalton, a practicing attorney and former assistant director of  the Floor Rules department at the American Stock Exchange, has  written an updated edition of his comprehensive examination of  how stock markets function. The topics include what the markets  offer, reading the financial press, the initial public offering,  specialists, brokerage firms, theories, and operations in  various offices. Recent developments over the long bull market  are also examined, including the many changes that have taken  place in the NASDAQ, the mutual fund market, the globalization  of the markets, and volatility. Readers get a lot of food for  thought as they consider their myriad alternatives as investors.  A long, detailed, but excellent glossary defining some 600  financial terms makes this an attractive reference tool. Novice  and experienced investors may find many of their theory concerns  addressed here, and Dalton's clear prose is a plus. For all  libraries, including school libraries and those that own the  second edition. Steven J. Mayover, formerly with The Free Lib.  of PhiladelphiaCopyright 2001 Reed Business Information, Inc.