Secrets of the Street: The Dark Side of Making Money [Paperback]

Gene G Marcial (Author)

Editorial Reviews

From Publishers Weekly

Those who are cynical about Wall Street's integrity will have their suspicions confirmed by this blistering account of American high finance. Through anecdote after anecdote, Marcial, the Inside Wall Street columnist for Business Week, shows how those with the right Wall Street connections have an unfair, and often illegal, advantage in playing the stock market over the average investor. He relates how insider trading occurs in virtually all financial institutions, with his heaviest criticism reserved for the NASDAQ (which is currently being investigated by the Justice Department for price fixing) and the initial public offering (IPO) markets. Marcial's story suggests that although the small investor has almost no hope of reaping a windfall from the stock market, any boob who manages to wrangle a way into the Wall Street network can't help but make tons of money by trading on the inside information that flows freely throughout the Street. Although Marcial's account has no driving narrative, the unscrupulous nature of Wall Street he details could have readers bailing themselves out of the market to invest in CDs or savings accounts. Fortune Book Club alternate.
Copyright 1995 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

From Library Journal

Marcial, the "Inside Wall Street" columnist for Business Week, argues that despite the scandals that rocked Wall Street in the 1980s, most notably the prosecutions of Ivan Boesky and Michael Milken for insider trading, insider trading remains the name of the game. Life in the fast lane on Wall Street means making a lot of money quickly, so it is vital for Wall Streeters to develop networks that can provide them and their clients with the "perfect information" needed to make a killing in the stock market long before the average broker or investor ever gets the information. Marcial provides fascinating examples of insider trading, including the pirating of his own column before it hit the streets. Highly recommended for both public and academic libraries.
Jeffrey R. Herold, Bucyrus P.L., Ohio
Copyright 1995 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

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Product Details

• Paperback: 252 pages
• Publisher: McGraw-Hill (July 29, 1996)
• Language: English
• ISBN-10: 0070402566
• ISBN-13: 978-0070402560
• Product Dimensions: 8 x 5 x 0.7 inches
• Shipping Weight: 8.8 ounces (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Bestsellers Rank: #1,587,359 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

4 of 4 people found the following review helpful:

3.0 out of 5 stars Not so secrets of the Street, February 22, 2000

By	R. Spell "raspell" (Memphis, TN USA) - See all my reviews (TOP 1000 REVIEWER)    (REAL NAME)

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This review is from: Secrets of the Street: The Dark Side of Making Money (Paperback)

The thesis of this book appears to be that Wall Street insiders have the ability to cheat and use it. His examples virtually always used anonymous people. I am a bond I-banker so little in here really surprised me and in many ways it became boring. An avid stock investor with no finance experience may find it titillating where I did not.

I read the book hoping for interesting stories. There were a few like the female who had no problems using whatever tools were necessary. Otherwise, it was relatively bland. There are many other books on this subject more interesting.

2 of 2 people found the following review helpful:

4.0 out of 5 stars A decent book for any person interested in the Street world, July 30, 1998

By A Customer

This review is from: Secrets of the Street: The Dark Side of Making Money (Paperback)

It is quite clear that the author had some first-hand experiences with people portrayed in his book. He (author) presents a clear picture of inner workings of the big and small Wall Street people. I can not say that he is biased in any sense; he just presents the truth. It may hurt, but that is the reality people experience every day. One can not simply close his/her eyes. The market is calling...

1 of 1 people found the following review helpful:

5.0 out of 5 stars Secrets that everybody should know, October 28, 1997

By A Customer

This review is from: Secrets of the Street: The Dark Side of Making Money (Paperback)

This is a book everyone should read, it open your eyes to what really is going on in the street and the biggest secrets of "making money quick" scam.