The New Laws of the Stock Market Jungle: An Insider's Guide to Successful Investing in a Changing World
Michael J. Panzner
July 24, 2004
In recent years, the stock market has undergone revolutionary change at virtually every level: new players, new technologies, new information flows, and new macroeconomic conditions. These changes are radically impacting investors, whether they know it or not.
Now, you can profit from the changes - instead of being victimized by them. Wall Street insider Michael J. Panzner will show you how. Panzner reveals how falling transaction costs and a barrage of data are transforming traditional investment patterns, and how stocks are increasingly being bought and sold like commodities. Discover the impact that electronic trading, instant messaging, and hedge funds are having on intraday volatility and short-term direction. Learn how an era of "boom and bust" have altered investor behavior and risk preferences, why today's market is increasingly emotional, and why many traditional indicators simply don't work anymore.
From the growing role of derivatives to the increasing unpredictability of seasonal and cyclical patterns, this book takes you "under the hood" of today's equity markets... so you can develop a winning investment strategy for today's new realities
Michael J. Panzner is a 20-year veteran of the global stock, bond, and currency markets. During his career, he has worked in New York and London as a trader and salesman for leading companies such as HSBC, Soros Funds, ABN Amro, Dresdner Bank, and J.P. Morgan Chase. His thoughts on the stock market have been quoted by Barron's, Bloomberg, and TheStreet.com, and his articles have appeared in Management Review and Business Credit. He is a graduate of Columbia University.