Apple's Tim Cook and CNBC' s Jim Cramer Just Broke the LAW to Save the Markets
Just a note on the miraculous stock price reversal in Apple.
IT WAS A CRIMINAL VIOLATION!!!
Zerohedge caught it right away...
Did Tim Cook Violate Regulation "Fair Disclosure" by emailing Jim Cramer to Save Apple Stock this Morning? http://www.zerohedge.com/news/2015-08-24/did-tim-cook-violate-regulation-fair-disclosure-emailing-jim-cramer-save-aapl-stock-
"Earlier today, as AAPL stock was plummeting and had lost a whopping $75 billion in market cap, dropping as low as $92/share, CNBC's Jim Cramer pulled a rabit out of a hat, or in this case a previously undisclosed email out of his inbox."
"While we are delighted by Tim Cook's subjective take of AAPL's Chinese prospects, we have a different question: where is the public filing that accompanies this letter which constitutes nothing short of a private business update with an outside, and unregulated by Apple, market cheerleader?"
"Because as the AAPL reaction to Tim's letter, which was clearly in Cramer's private possession for at least 1 millisecond before it was made public (and thus we don't know who else may have had access to it before its public dissemination), just how is this not a Regulation Fair Disclosure violation?"
END
Hmm. Somebody's in some hot water...if we have any regulators who aren't watching porn on their computers!
More chaos on the way.
Bix Weir
