CNBC: No Need For A Fork – It’s Done | MarkStCyr.com
by Mark St.Cyr • August 25, 2015
Yesterday I wrote on what I considered a very strange development that took place on CNBC™ in regards to one of the morning shows where Jim Cramer produced, then read on-air, an email he received (and stated only he had) from Tim Cook of Apple™ about China’s health as far as he saw it. As I wrote yesterday this hit me in that “Wait, what?” type moment. So much so I instinctively hit the record button as to watch it later to make sure I truly did hear correctly. For the implications would be far from subtle. Why?
Never mind whether it may have legal ramifications or not for the moment. What was said, how it was obtained, and exactly who knew what, when, and where struck me as an obvious “something just doesn’t seem right here.” No SEC or law degree needed. Just common sense.
Add to this was also the timing. Right before the open where liquidity has shown to be at its most vulnerable (meaning lack there of) where it’s basically the window where HFT, headline reading algos feast upon stop runs and more clearing out what many consider the “order book” of the market every morning. This phenom has been detailed in near scholarly work by Eric Scott Hunsader at a company called Nanex™.
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