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Tuesday, December 7, 2010

(18) How the Financial crisis developed ?

* Got this from one of the mail circulations.... don't know who is the original writer and I will not mislead readers to think it is from me....




It was autumn, and the Red Indians asked their New Chief if
the winter was going to be cold or mild. Since he was a Red
Indian chief in a modern society, he couldn't tell what
the weather was going to be.

Nevertheless, to be on the safe side, he replied to his
Tribe that the winter was indeed going to be cold and that
the members of the village should collect wood to be
prepared.

But also being a practical leader, after several days he
got an idea. He went to the phone booth, called the National
Weather Service and asked 'Is the coming winter going to
be cold?'

'It looks like this winter is going to be quite cold
indeed,' the weather man Responded.

So the Chief went back to his people and told them to
collect even more wood. A week later, he called the National
Weather Service again. 'Is it going to be a very cold
winter?'

'Yes,' the man at National Weather Service again
replied, 'It's definitely going to be a very cold
winter.'

The Chief again went back to his people and ordered them to
collect every scrap of wood they could find. Two weeks
later, he called the National Weather Service again.
'Are you absolutely sure that the winter is going to be
very cold?'

'Absolutely,' The Man replied. 'It's going
to be one of the coldest winters ever.'

'How can you be so sure?' the Chief asked.

The weatherman replied, 'The Red Indians are collecting
wood like Crazy.'


That is how Stock Markets work!!!



-20th October 2008




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