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Author: HGBG Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1077  
Subject: Re: Citigroup downgrade (lol) Date: 2/1/2008 3:11 PM
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Seeing BuildMWell's comments made me think of this parable:

Once upon a time in a village, a man appeared.
He announced 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.
As the 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.
They started catching monkeys again.

Soon the supply diminished even further.
People started going back to their farms.
The offer increased to $25 each.
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, 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 $35.
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 monkeys.
They never saw the man nor his assistant again, only monkeys everywhere!

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