Tuesday, June 30, 2009

Welcome to the Stock Market!!

 Once upon a time in a village, a man appeared and announced to
 the villagers that he would buy monkeys for Rs10.   The villagers
 seeing that there were many monkeys around, went out to the forest  and started catching them.

 The man bought thousands at Rs10 and as supply started to diminish,  the villagers stopped their effort. He further announced that he  would now buy at Rs20. 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 rate increased to Rs25 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 Rs50! However,  since he had to go to the city on some business, his assistant would  now buy on behalf of him.

 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 Rs35 and when the man returns from the city, you  can sell it to him for Rs50.
 The villagers squeezed up with all their savings and bought all the  monkeys.
 Then they never saw the man nor his assistant, only monkeys everywhere!!!

 Welcome to the Stock Market!!

1 comment:

  1. Find Indian Government & Private all banks IFSC Code list along with Swift Code, Micr Code, Branch full address details, Bank Customer care no, Toll free no, mail id etc.