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9780132599689

Crapshoot Investing How Tech-Savvy Traders and Clueless Regulators Turned the Stock Market into a Casino

by
  • ISBN13:

    9780132599689

  • ISBN10:

    0132599686

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2011-03-01
  • Publisher: FT Press
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Supplemental Materials

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Summary

Equity markets are now high-speed casinos rigged against individual investors. Now,Barronrs"sWashington Editor Jim McTague reveals the twin causes: high-frequency traders and blundering regulators. Learn why the Flash Crash happened (and will again)hellip; discover titanic, uncontrolled forces driving market chaoshellip; find rational strategies for profiting in this terrifying new environment!

Author Biography

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.

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

Supplemental Materials

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