Dalton, a practicing attorney and former assistant director of the Floor Rules department at the American Stock Exchange, has written this 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.
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