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Old 10-22-2008, 06:59 PM   #15
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2002 34' Classic
Tecumseh , Ontario
Join Date: Sep 2005
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Let me help you all to know & understand how the stock market (I call it the paper casino...) actually works...

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 monkeys at $20 each.

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 small that it was an effort to even find 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 be buying them from the villagers on his behalf.

In the absence of the man, the assistant confidentially told some of 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 can sell them to him for $50 each."

So the villagers rounded up all their savings and bought all the monkeys.

Unfortunitly, after they had done this...they never saw the man nor his assistant ever again, however, there were many loose monkeys running around everywhere!

Now you have a better understanding of how Wall Street works.

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