There lived a lot of monkeys near a village.
One day a merchant came to the village to buy these monkeys.
He announced that he will buy a monkey @ hundred rupees each.
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys
at 100 rupees each?
Still, some people caught some monkeys and gave it to this merchant and he gave 100 rupees for each monkey.
This news spread like anything and people caught monkeys and sold it to the monkey merchant.
After some days he announced that he will buy monkeys @ 200 each.
The lazy villagers ran around to catch the remaining monkeys.
They sold the remaining monkeys @200 each.
Then the merchant announced that he will buy monkeys @500 each.
The villagers lost sleep. .They
caught six or seven monkeys ,which was all that was left and got 500 each.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going home for one week.
And when he returns, he will buy monkeys @ 1000 each.
He asked his employee to take care of the monkeys.
He was alone taking care of all the monkeys in a cage.
The merchant went home.
The villagers were very sad as there were no more monkeys left for them to sell it at 1000 rupees each.
Then the employee told them that he will sell some monkeys @700 each secretly.
This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a 300 profit for each monkey.
The next day villagers made a queue near the monkey cage.
The employee sold all the monkeys at 700 each.
The rich bought monkeys in lots. The poor also borrowed money from money lenders and bought monkeys.
The villagers took care of their monkeys & waited for the merchant to return.
But nobody came...😳
Then they ran to the employee. ...
But he has already left.
Then the villagers realised
that they have bought the useless & stray monkeys
@ 700 each and unable to sell them.
This is the business known as STOCK MARKET.
This business has made a lot of people bankrupt & a few people filthy rich in this monkey business.
This is the story of the stock market...no no ..monkey market ?