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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (8827)2/7/2008 4:43:11 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 33421
 
LOL!!!! Or, it's a legal Ponzi scheme and you don't want to be the last guy due to be paid. :-)



To: Patrick Slevin who wrote (8827)2/7/2008 4:54:26 PM
From: The Ox  Read Replies (2) | Respond to of 33421
 
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 monkeys. Then they never saw the man nor his assistant again, only monkeys everywhere!


After a few nervous days, one of the villagers had a great idea!

He made a few phone calls and arranged for the village to sell all the monkeys to a rogue trader from Societe Generale....

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



To: Patrick Slevin who wrote (8827)2/13/2008 12:52:18 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
Gotta Love it Patrick.... sounds like an ancillary story that should be right after Adam Smith's (George Goodman's> nom de plume tale of trading cocoa futures in the 1960's. In his book The Money Game Smith outlines a riotously amusing tale of being induced to take a position in cocoa futures based on fundamental developments in african; soon Smith is hounding colleagues and cocktail soiree attendees for tidbits of information on developments that could positively impact his position.

John