Just as the Sensex blood bath was about to occur (in fact a day before this), I was reading explanation of it on an internet news group. Here it is, - very simple.
An excellent joke which should make you think twice before investing
your hard-earned money in the stock market.
Once upon a time in a village a man appeared who announced to the
villagers that he would buy monkeys for Rs.10. The villagers seeing
that there were many monkeys went out in the forest and started
catching them. The man bought thousands at Rs.10 and as supply started
to diminish and villagers started to stop their effort he announced
that now he would buy at Rs.20.
This renewed the efforts of the villagers and they started catching
moneys again. Soon the supply diminished even further and people
started going back to their farms. The offer rate increased to Rs.25
and the supply of monkeys became so that it was an effort to even see
a monkey let alone catch it.
The man now announced that he would buy monkeys at Rs.50! However,
since he had to go to the city on some business his assistant would
now buy on behalf of the man.
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 Rs.35 and when the man comes back you can sell it
to him for Rs.50."
The villagers queued up with all their saving to buy the monkeys.
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Phir na woh aadmi mila na us ka assistant........Sirf bandar hee
bandar...rah gaye!!!!!
Aaj kal to share market mein bhi bander hi hai (including the institutional monkeyes and foreign institutional investors and rating agencies)! Bechneke liye nahi !
Bechne aur kharidne waale ! )
Tabhi to market itni uchal-kood kar raha hai !!!