Book Description: Vantage Press, 1977. Hardcover. Book Condition: Fine. Dust Jacket Condition: Good. 1st Edition. 8vo - over 7¾ - 9¾" tall. Stated First Edition, Hardcover, Black with gilt lettering on spine. Collectible. Book Condition: Fine, very light wear to spine extremes and corners, but edges show no signs of wear. Dust Jacket Condition: Good, only one small 1/8" tear on front and back, but significant rubbing on cover (see photo). Binding tight. Pages clean, no marks or highlighting with the exception of one light 1/2" accidental pen mark on page 14. Extremely scarce 1st Edition title. Author examines the relationship between the make up of market participants to the performance of the market. Published in 1977, Smith focuses on the erratic market behavior of 1970-1974 and questions the market's future performance based on the demographic makeup of market participants and their willingness to re-enter the market. This has some interesting insights as we look back at the last ten years of the market (1998 to 2008) and see what affect easy access to cheap money had on the markets. Will the lack of access to money affect the make up of participants in the future? 71 pages.
STATUS: SOLD, 6 June 2013 to Private Collector in Virginia, USA.
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