Monkeys Everywhere

Discussion in 'Financial Cents' started by Seacowboys, Feb 23, 2008.

  1. Seacowboys

    Seacowboys Senior Member Founding Member

    Subject: Monkeys everywhere

    <tt><tt>Once upon a time in a village, a man appeared and announced to the
    villagers that he would buy monkeys for $10 each.

    The villagers seeing that there were many monkeys around, went out to
    the forest, and started catching them.

    The man bought thousands at $10 and as supply started to diminish, the
    villagers stopped their effort. He further announced that he would now
    buy at $20. This renewed the efforts of the villagers and they started
    catching monkeys again.

    Soon the supply diminished even further and people started going back to
    their farms. The offer increased to $25 each and the supply of monkeys
    became so little that it was an effort to even see a monkey, let alone
    catch it!

    The man now announced that he would buy monkeys at $50! However, since
    he had to go to the city on some business, his assistant would now buy
    on his behalf.

    In the absence of the man, the assistant told the villagers. "Look at
    all these monkeys in the big cage that the man has collected. I will
    sell them to you at $35 and when the man returns from the city, you can
    sell them to him for $50 each."

    The villagers rounded up with all their savings and bought all the

    Then they never saw the man nor his assistant ever again, only monkeys

    Now you have a better understanding of how the stock market works.

  2. Tango3

    Tango3 Aimless wanderer

  3. Tracy

    Tracy Insatiably Curious Moderator Founding Member

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