Well my topic to my complete disappointment was the stock market, something I do not even really care about. But I guess when life hands your lemons, try and trade them for oranges. Wait that is not write, oh well I have never been to good at sayings like that. Well immediately the first thing I decided to do was to try and find a book that would give me the fundamentals about the stock market. Me being a lament when it comes to the stock market, I figured it would be the best thing to do. So I went onto the library catalog and went into the phrases search and searched basic and stock and market and came up with this book:
Wyss, B. O'Neill. Publisher: McGraw-Hill Professional Book Group
Date: 2000 Fundamentals of the Stock Market.
http://site.ebrary.com/lib/csueastbay/Doc?id=5001787
I was lucky enough though to be able to have a full online version of the text so I didnt have to leave my warm comfortable chair to go searching for a book. Because this was exactly the thing I wanted I really didn't have to adjust my search or anything. Boy it was along though, took me a good I would say fifteen minutes just reading and trying to absorb all of the information. But I ma'am am no sponge. I got to know the history of Wall Street, and how it was created in 1789 congress met on Wall Street to authorize the sale of 80 million dollars worth of bonds to support the war.(O'Neill 2) And then stocks were created to establish The Bank of the United States and to give people the opportunity to buy its stocks.(O'Neill 2) "With an increased interest and the need for an improved system, 24 brokers met under a buttonwood tree on May 17, 1792 and signed what they considered to be an all-inclusive document.This document enabled them to trade securities among themselves,
to maintain fixed commissions on these trades, and to avoid dealing in other auctions. We consider this event to be the actual foundingof the New York Stock Exchange (NYSE)." (O'Neill 2) Then after learning the history I went to the basics, so I looked at found out what the NASDAQ, which is an electronic system were brokers and dealers communicate to buy and sell shares of different companies. (O'Neill 4) And I found out that stocks are buying apart of the company and making money if the company does well.
Well after this cluster of information, I decided I would search the Academic Search Premier database to find a little small and more general information. At first I tried Stock and Market but nothing good came up so I adjusted it and tried basics and stock and market, but again nothing came up. Then I narrowed the search to just stocks and basics and I came up with a good article on basics for investing in the stock market, and it looked like a nice guide to getting started in stock market.
I learned that new-economy companies are out and the Dow Jones has risen a 1000 points.
Title: Back to Basics. By: Kadlec, Daniel, Time, 0040781X, 05/17/99, Vol. 153, Issue 19
Database: Academic Search Premier
Well after that I was quite curious to find out more about the stock market so I went on Business Source Premier for my disciplinary database to find some information on it. So I searched AMEX because it kept coming up and I wanted to know exactly what it was. I searhced AMEX and found that is was getting confused between American Express and American Stock Exchange, and obviously it was American Stock Exchange. After I searched I could not really find anything very general about what it is or any help, it was all to much so I decided I would search about the history some more because it was very interesting. So I searched History and stock and market and found an interesting article, about an opinion of the new era of the stock exchange and how he feels it is just low returns and we can change if we can continue buying and until we reach high returns, and then he feels thats when we sell, and I learned you buy low sell High.
Authors:Fisher, KenSource:Forbes; 12/10/2007, Vol. 180 Issue 12, p190-190, 1p, 1c
http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=27711602&site=ehost-live
Finally I saved the World Wide web search for last and I decided to use google as my search engine and find out what the Dow Jones is and its importance, so I searched in Google: What is the dow jones? And of course Wikipedia came up, but I tried to aviod it, but after looking at all of the other places, and looking at Wikipedias, I must say its amount of information was superior. I know people say its not credible, but in my opinion I find it very useful for a novice in anything, and me being one I used it. The Dow Jones is a stock market indices which tell you the average of all the stocks of the 30 largest and most help business in the United States. (Wikipedia) And it was created by editor and creator of Dow Jones and Co Charles Dow in 1986 Wikipedia
Wikipedia
http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
This page was last modified 23:14, 13 December 2007.
Well after doing all this work I would think two complex research questions would be How could we have prevented the stock market crash of the 1920's and What would have been the effect on modern economic history? And two additional databases I would use would be Britannica Online and American FactFinder. All in all I enjoyed this final, and feel I took many good thinks from this class, thank you for a great class, and I hope you have a good holiday season.
Sincerely,
Daniel Cabrales
Subscribe to:
Post Comments (Atom)
1 comment:
I'm sorry your were disappointed with your topic, but as your essay continued, I sensed that maybe a) you got into it more and b) you learned something, so it seemed to work out in the end. And that's a key lesson - you can get interested in anything if you just put your mind to it.
You were able to find four items in the four areas I requested, you did some evaluation (I like Wikipedia very much, too - I just don't rely on it as a final authority), you provided a couple of questions, and, I hope, had some fun with your search as well. You also found an "angle," finding the history more interesting than the current state of the market.
Just as a point of information, your statement: "I learned that new-economy companies are out and the Dow Jones has risen a 1000 points.
Title: Back to Basics. By: Kadlec, Daniel, Time, 0040781X, 05/17/99, Vol. 153, Issue 19" won't hold water today. The market is much higher, your article is from 1999 (light years ago in stock market terms), and you would need to find something more current if you were really delving into this topic. The "subject guide" to resources and databases will give you an extensive list of databases related to business where you can search, but Britannica Online would work and American Fact Finder would be a very good choice.
Good work.
Post a Comment