"Newbies"

Humor

Themes & Topics

Glossary

Lecture Notes

Trivia & Factoids

Themes & Topics
Markets & Institutions

News Stories

• 1997 Stock Market Shock
• Bre-X: Biggest Mining Scandal
• Commercial Banks
• Credit Unions
• Exchanges Also Resources On-Line
• Federal Reserve Bank
• Fund Supermarkets
• Fraud & Insider Trading
• Global
• Hedge Funds
• Price Quotes
• The History of Money

Bloopers & Blunders

• Attractive Yield?
• Impact of Interest Rates on Stock Prices
• Rationalizing The Rise In Small-Cap Stock Prices
• Market Reaction to IBM's Earnings Announcement
• Yield on IBM's 100-Year Bonds
• Yield on Inflation-Indexed Bonds

Finance By Example (Archives)

Resources OnLine

• Information on Global Options & Futures Markets

• Interest and Exchange Rate Charts

• Museum of American Financial History

• Regulation: SEC

News Stories

1997 Stock Market Shock [back to top]

• Special Report (BusinessWeek, November 10, 1997)
• Special Report (CNNfn)
• Ten Years After Could the 1987 stock market crash happen again? (S F Chronicle, October 17, 1997)
• Chairmen discuss Black Monday and whether or not it could happen again (CNNfn, October 14, 1997)

Bre-X: Biggest Mining Scandal [back to top]

CNNfn - Another Bre-X or not? - May 23, 1997
CNNfn - Investors bilked for $75M - May 13, 1997
CNNfn - Bre-X Chronology - May 5, 1997
CNNfn - Bungle in the jungle - May 5, 1997
CNNfn - Up the Mahakam river - April 28, 1997
05/19/97 All That Glitters Is Not Bre-X (BusinessWeek)
05/19/97 TABLE: The New Global Gold Rush (BusinessWeek)
04/14/97 After Bre-X, Gold's Glow Is Gone (BusinessWeek)

Commercial Banks [back to top]

• SYNDICATED LENDING: The relationship starts to change
  Until a few months ago syndicated lending was a borrower's market. Banks were desperate to do deals and offered seductive terms. Now the bankers have stopped calling. They're sitting back and revising the rules of the game. From now on they want it played on their terms. Michael Peterson reports. (euromoney, November 1998)

• Why has banking become less and less important to America? Let us count the ways (Fortune, May 18, 1998)

• The Big Bank Theory (Time, April 27, 1998)

• Why Banks Feel Urge To Merge (SF Chronicle, April 14, 1998)

• Banking reform skepticism (CNNfn, April 8, 1998)
• Are financial M&As good? (CNNfn, April 7, 1998)
• Is Big Back? Or Is Small Still Beautiful? (Inc., April 1998)
• Are Bigger Banks Badder? (Time, March 23, 1998)
• US banks dare to cross cultures (Euromoney, February 1998)
• VIRTUAL BANKING (Euromeony, February 1998)
• Giants with nowhere to hide (Euromeony, February 1998)

Credit Unions

• Officials say limited membership ruling must be overturned (S.F. Chronicle, March 8, 1998)

Exchanges [back to top]

• Newly Merged NASD-Amex Plans Big Changes, Layoffs (WSJ, November 3, 1998)

• Big Board Hopes DaimlerChrysler Attracts Foreign Primary Shares (WSJ, October 21, 1998)

• Boston Chicken delisted (CNNfn, December 9, 1998)

• Electronic Options Exchange Formed (S.F. Chronicle, November 10, 1998)

• Amex bid for Philadelphia Exchange seen favored over rival CBOE offer (CNNfn, June 9, 1998)

• Pacific Exchange unveils powerful new computer for quicker trades (San Francisco Chronicle, May 8, 1998)

• Guerrilla Marketmakers (Forbes, April 4, 1998)

• Wall Street Revolution Nasdaq, Amex deal may cut trading costs (San Francisco Chronicle, March 13, 1998)

• A tale of two markets: AMEX-Nasdaq Merger (CNNfn, March 12, 1998)

• 'Open-Outcry' Trading Faces Threat From Electronic Rivals (WSJ, Decmber 24, 1998)

• When it comes to making money on Wall Street, the '90s make the '80s seem quaint (USNews, December 15, 1997)

• Nasdaq system powers up (CNNfn, November 20, 1997)

• Curbs hurt the little guy (USNews, November 10, 1997)

• DOCTORING THE DOW (Time, March 24, 1997)

• Seized Stocks Auctioned (San Francisco Chronicle, March 7, 1997)

• Watch your step at CME (Economist, January 2, 1997)

Federal Reserve Bank [back to top]

• About the Federal Reserve System (The Federal Reserve Bank of Chicago)

• United States Monetary Policy

• Open Market Operations

Fraud & Insider Trading [back to top]

• Scams on the Net (Upside, September 25, 1998)
• SEC sues on insider trading (CNNfn, March 12, 1998)
• SEC Sues Sweeney Capital, Its Executives (SF Chronicle, March 11, 1998)
• SEC Chief Says `Affinity' Stock Fraud Is on the Rise Brokers use language or cultural belief to gain investors' trust (SF Chronicle, February 18, 1998)
• Media Vision CEO guilty of fraud (sfgate, January 21, 1998)
• INVESTORS BEWARE: CHOP STOCKS ARE ON THE RISE: (Part 1)An inside look at how scamsters are taking billions from small investors. (BusinessWeek, December 15, 1997)
• Silicon Valley Sting? (Upside, December 5, 1997)
• Former Octel engineer guilty of inside trading (SF Examiner, August 7, 1997)

Fund Supermarkets [back to top]

• Success of Fund Supermarkets Worries Fund-Firm Executives (WSJ, December 28, 1998; subscription required)

Global

• Euro

  • CNNfn special Report

  • Europe Leaders Proclaim New Era As 11 Countries Launch the Euro (WSJ, January 1, 1999)

  • The birth of the euro is a great opportunity for year 2000 vendors. (Red Herring, October, 1997)

• Global capital turns nasty
  Who is surprised by the savage way markets have punished politicians, bankers, speculators and economists? The structure of financial markets needs a rethink. Our cover story tears them apart as follows: (Euromoney, September 1998; registration required)

• NASD, Hang Seng team up (CNNfn, December 17, 1998)

Hedge Funds

• The eve of destruction (euromoney, October 1998; registration required)

• Long-Term Capital Went Beyond Traditional Positions (WSJ, October 7, 1998)

• Hedge Fund Crisis (CNNfn Special Report, October 2, 1998)

• How hedge funds affect you (CNNfn, October 2, 1998)

Price Quotes [back to top]

• NYSE Will Trade in Decimals by 2000 (San Francisco Chronicle, June 6, 1997)
• Decimal Debate Is Heard on the Hill (San Francisco Chronicle, April 11, 1997)

Finance By Example (Archives)

• Bid-Ask Spread. The difference between the bid and the ask for a security at a given time.
  • Fun and Games Continue On Nasdaq Despite Government’s Probe

• Circuit Breakers: SEC Eases Stock Trading Curbs

• DJIA
  • Divisor
  • Four Stocks Changed In DJIA
  • List of the 30 Companies

• Earnings Announcement
  • AOL: Higher Than Expected Profits, Yet Price Still Goes Down!
  • Apple Computer’s Stock Price Goes Up After Announcing A $32 Million Loss!
  • TI : Earnings Announcements and Market Reaction

• Inside the Black Box: A Roller Coaster

• Interest Rates: Amid Rising Bond Yields, Six Experts Look Ahead

• Intermediaries
  • Commercial Banks Are Now Allowed To Do More Investment Banking
  • Separation of Commercial Banks and Investment Banks Dwindling
  • Tax Payers Will Have To Pay More For S&L Debacle

• Listing
  • It’s a Rule: Nasdaq-Big Board Road Is One-Way
  • Does A New Nasdaq Listing-Proposal Make Any Sense?

• Nasdaq
  • It’s a Rule: Nasdaq-Big Board Road Is One-Way
  • Does A New Nasdaq Listing-Proposal Make Any Sense?
  • Fun and Games Continue On Nasdaq Despite Government’s Probe
  • Nasdaq Loses AOL To NYSE

• Reaction to Economic News Good News Bad News!

• Transaction Costs

• Triple Witching Hour Slang used for the last hour of trading before the simultaneous expiration of stock options, index options, and index futures. This occurs four times a year on the third Friday of each quarter=s end. Implications

 

Resources On-Line

Exchanges [back to top]

• The New York Stock Exchange (NYSE)

• The American Stock Exchange (AMEX)

• Nasdaq

• The Pacific Exchange

• The Philadelphia Stock Exchange

• Commodities, Option & Futures Markets

  • Chicago Board of Trade (CBOT)

  • Chicago Mercantile Exchange (CME)

  • The Chicago Board Options Exchange (CBOE)