Just before the U.S. Markets opened Monday, with Asia and Europe in free fall, Tim Cook sent a note of reassurance to CNBC’s Jim Cramer. Today, with the markets poised for a rebound, some are calling for an SEC investigation.
The story, as told by the headlines:
Reuters: S&P 500 Index Falls Into Correction Amid Global Equities Rout
New York Times: Apple stock reacts after Tim Cook email praises China sales
Financial Times: Apple leads technology stock recovery amid China fallout
LA Times: Tech stocks see a brief pick-up as Apple says it’s doing well in China
VentureBeat: Tim Cook’s China statement soothes Apple investor freak-out
The Street: Stock Futures Point to Strong Rebound as China Cuts Rates
The Verge: You know the stock market is in trouble when Tim Cook is emailing Jim Cramer
Coins2Day: Apple CEO Tim Cook may be in trouble with the SEC
“Cook tried to reassure the markets yesterday,” writes Above Avalon’ s Neil Cybart. “It turns out he probably ended up reassuring the entire world.”
This never would have happened if Steve Jobs were alive. See: The stock will take care of itself.
Follow Philip Elmer-DeWitt on Twitter at @philiped. Read his Apple (AAPL) coverage at coins2day.com/ped or subscribe via his RSS feed.
