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Santelli Schools Cramer & Co. On The High Freaks

Tyler Durden's picture




 

It started as your everyday hexagonal discussion on CNBC with the anchors up-in-arms over the fact that (shocker) some firms can pay for early access to critical economic data items. The disdain for the 'rich' was palpable as Bernstein, Sullivan, and then Cramer all exclaimed both their amazement and surprise that this was even possible. That was when Santelli stepped into the ring and explained - in what was a relatively well-behaved exclamation - that not only was the fact that early data releases were well-known to every real trader (as opposed to those who pretend for TV) but that the issue was absolutely not about 'early access' but about HFT. When we first brought the perils of HFT to the attention of the broader trading community in 2009, it was the stuff of conspiracy theory - but now (as with many other things) it is conspiracy fact and in a few short minutes, Rick Santelli showed off his co-hosts ignorance of the real market and opened many new eyes to the damage that HFT can do in a market that is, well, anything but Reg-FD fair and balanced to all.

 

Sprinkle in some 'blame-the-rich' arguments, a few totally embarrassing proofs of Cramer/Bernstein's ignorance of trading reality, and Sullivan's desperately brave attempt to keep the entire thing from collapsing into a street fight and these few minutes are well worth the price of admission...

2:00 - "I have never heard of such a thing" - blah blah

5:20 - Santelli exclaims... "For years, subscribers could pay extra money for early access.." and so it begins

The extra 2 seconds that it gives the traders was not an issue until HFT - but now it enables thousands of transactions to take place before any human can hit the big green Booyah Buy button...

 

 

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Wed, 06/12/2013 - 19:15 | 3651952 Meat Hammer
Meat Hammer's picture

Booyah!

Wed, 06/12/2013 - 19:27 | 3651992 Konami Code
Konami Code's picture

Who is the purple dot at the bottom of the screen at 09:54:58? I want to put my money with them.

Wed, 06/12/2013 - 19:41 | 3652023 knukles
knukles's picture

One more time:  There are no Conspiracy Theories.  They all become Fact.
Breathe deep, my little minions, for the many things you've imagined as conjured in dreamland, silly speculation, science fiction, myth and lore and demeaned as foolish are as real as peanut butter sandwiches and vanilla soda...

The good news is that you're not paranoid. 
The bad news is that your worst nightmares are real....
Why haven't you been chosen to have seen or experienced?
You're not important enough. 
You will understand, as you relearn everything on the path of dis-indoctrination.....

Wed, 06/12/2013 - 19:56 | 3652089 macholatte
macholatte's picture

 

Is this a spastic fit of the "journalists" actually doing their job and not merely mouthing off the propaganda they are handed some kind of fallout from the Obama scandals? What if they got used to it? OMG What a concept!

Wed, 06/12/2013 - 20:07 | 3652131 otto skorzeny
otto skorzeny's picture

They are too stupid to realize if they did something else besides puke up the same stale old shit from the same idiots like cramer their ratings would shoot up.

Wed, 06/12/2013 - 20:17 | 3652170 economics9698
economics9698's picture

Graduate students have been selling this shit for beer money for decades.

Wed, 06/12/2013 - 20:37 | 3652241 FEDbuster
FEDbuster's picture

I thought only Congressmen could trade on inside information legally?

Wed, 06/12/2013 - 22:14 | 3652604 philipat
philipat's picture

Cramer: "If the Government says it's right, it's right"

I rest my case.

Thu, 06/13/2013 - 08:36 | 3653621 ATM
ATM's picture

No kidding. He's an oozing pustule of government omnipotence. 

He needs a good lancing.

Wed, 06/12/2013 - 20:14 | 3652156 Meme Iamfurst
Meme Iamfurst's picture

 

 

Good GOD...you mean people are still watching that bunch of hacks??????

CNBC....Com'on Nothing But Crap

 

I thought they got replaced by Queen For A Day repeats with Bert Parks.

Thu, 06/13/2013 - 00:23 | 3653089 Godisanhftbot
Godisanhftbot's picture

Queen For A Day, you must mean the Wealth Editor

Thu, 06/13/2013 - 00:24 | 3653092 Godisanhftbot
Godisanhftbot's picture

 Fug that, gimme  "I Married Joan" replays

Wed, 06/12/2013 - 20:20 | 3652186 aint no fortuna...
aint no fortunate son's picture

there's another report that goes out early to insiders - wish I could remember which (senior moment) - I believe it goes out at 9:45 and the insiders get it around 9:40 eastern

Thu, 06/13/2013 - 00:10 | 3653049 spine001
spine001's picture

Are you telling me that the H.A.R.P. Project is real? Auch...

Wed, 06/12/2013 - 19:29 | 3652002 SilverDosed
SilverDosed's picture

i dont get all the Santelli fluff the last few days, he works for "them." I dont trust him, but then again I'm a paranoid asshole who thinks the Paul's are controlled opposition too.

Wed, 06/12/2013 - 19:42 | 3652030 knukles
knukles's picture

What matters is that he has a conscience

Wed, 06/12/2013 - 19:57 | 3652094 SilverDosed
SilverDosed's picture

If he had a conscience he wouldn't be working for cnbs and therefor giving his approval to the propaganda they pump out and call news. He is an actor, he is paid for what he says. You cant draw many conclusions about an actual person based on the roles they play as an actor, you can however draw conclusions about a person based on who pays their salary.

Wed, 06/12/2013 - 20:11 | 3652133 thismarketisrigged
thismarketisrigged's picture

o please, actor my ass.

 

if he was an actor, the guy should quit and go to hollywood, because he would make many many millions, because then he is one of the better actors i have seen.

 

go watch youtube videos of him from years and years ago, the guy means what he says. look at his facial expressions, listen to the anger in his voice, that is not acting, that is a man who feels the way he does.

 

watch this video for example, and there are many more. please tell me u think he is acting, because if u do, i dont know what to tell u. the only act he maybe doing is not letting his anger spill over more than he really wants to due to being on cable tv.

 

http://www.youtube.com/watch?v=I-1g0OZJIdk

Wed, 06/12/2013 - 20:16 | 3652166 SilverDosed
SilverDosed's picture

Good job shilling for him like you did on the last Santelli post. Surprised you didnt just copy/paste your previous posts.

http://www.zerohedge.com/news/2013-06-11/santelli-how-feds-taper-david-b...

So we're not supposed to show our distrust of a cnbs talking head on this site anymore? GFYS shill.

 

Wed, 06/12/2013 - 20:37 | 3652229 thismarketisrigged
thismarketisrigged's picture

u can show ur distrust all u like. but its clear he is not acting.

 

u can believe what u want though.

 

just think about how fucking stupid ur theory is.

 

u actually believe that he is given a skit daily and acts it out. u do realize that he reacts to things in the moment, something that he obviously is not acting out.

 

if u saw/ hear the man speak, maybe ull learn something. he knows what he is talking about.

 

maybe he is  zerohedge reader, but he clearly is not like all the other fools on cnbc

Wed, 06/12/2013 - 21:10 | 3652347 SilverDosed
SilverDosed's picture

My theory about not trusting cnbs talking heads is fucking stupid? Lolololol

Thanks for telling me what I "actually believe."

 

Wed, 06/12/2013 - 21:14 | 3652371 thismarketisrigged
thismarketisrigged's picture

ur theory about how santelli is just an actor on cnbc is fucking stupid, yes.

 

if u watch santelli speak and believe he is doing it as an act, then at least admit he is 1 great actor.

 

anyone with any common sense knows that santelli is not fucking acting. just look how angry he gets at these fools, u cant act that out. if u could, as i said time and time again, he would easily be working in hollywood as an actor making tens of millions, because he would be a great one.

 

 

Wed, 06/12/2013 - 21:19 | 3652396 SilverDosed
SilverDosed's picture

Cramer's real good at yelling and acting angry too, should he be making the millions in hollywood too? Please, he is a paid television personality, whether or not you define a paid television personality as an actor is up to you I guess. I bet you think strippers like you too.

Wed, 06/12/2013 - 21:42 | 3652480 thismarketisrigged
thismarketisrigged's picture

o please. cramer is not even close to santelli.

 

cramer is always flip flopping.

 

1 day the economy is great, china has avoided a hard landing, europe is bottoming, etc, only to be followed by the next day cramer saying the exact opposite.

 

cramer also rarely melts down on tv. he has that 1 classic moment talking about the fed, but other than that, he is who he is.

 

just go on youtube whenever u have a chance and watch videos of santelli. if that is his acting face, he is the greatest actor i have ever seen. he has expressions and outbursts that one can not act unless they truly feel that way.

 

and yes of course i think strippers like me, lol

Wed, 06/12/2013 - 22:02 | 3652555 Pareto
Pareto's picture

No, you go fuck yourself ass clown!  prior to 04 about the only thing you heard out of Santelli was the bond report.  It wasn't until Greenspan and Bernanke started going batshit crazy did you hear from him.  And I'm fucking glad were hearing from him, because at least somebody in the media has the guts to call out any of these fuckers!  Fact is, Santelli says what everyone else is thinking and what needs to be said, and he's the only fucking guy who doesn't give a shit which way it reads in the fuycking papers, which by definition asshole, is not a shill.  Smarten the fuck up.  I'll take Santelli's rant over your kid like acusations on a topic you seem to know little about - free market capitalism fucker.  fuck i hate people like you.

Wed, 06/12/2013 - 21:49 | 3652509 Pareto
Wed, 06/12/2013 - 21:52 | 3652519 Pareto
Pareto's picture

and this one.  fucking A this one: http://www.youtube.com/watch?v=RygWFh39CvE

 

 

Wed, 06/12/2013 - 22:12 | 3652590 thismarketisrigged
thismarketisrigged's picture

all these videos are awesome, but this is my favorite one

 

http://www.youtube.com/watch?NR=1&v=I-1g0OZJIdk&feature=endscreen

Wed, 06/12/2013 - 21:04 | 3652327 TheReplacement
TheReplacement's picture

I give him lots of credit.  He's working in the enemy's camp and slipping out as much information as possible without losing his job.  

Wed, 06/12/2013 - 21:42 | 3652477 A is A
A is A's picture

Exactly!!!

Wed, 06/12/2013 - 22:15 | 3652615 San Diego Gold Bug
San Diego Gold Bug's picture

SilverDosed,

Do us all a favor and cross the street without looking tomorrow !  The game continues to be rigged !!!

Wed, 06/12/2013 - 19:47 | 3652048 Lets Buy The Dip
Lets Buy The Dip's picture

Its simple.

Santelli know what is hapening, he knows the TRUTH!

Cramer is paid to lick the testicles of his ex-collegues and pump em' up to make em' look good, and to make em more money with his effing Shitty tips!, and when i say SHITTY they are very very shitty. 

he said to go long the S&P a few days ago, and THE DOW JONES TRANSPORTS CHART HERE  looks god damn horrible. 

Every good trader knows if you see the transports dip like this, it means we are about to sell off hard on the market. 

Everyone else knows that if you FADE cramer on the market, you do very very very VERY well. The man needs to go to rehab, and stop abusing alcohol. haha. 

 

Wed, 06/12/2013 - 19:49 | 3652060 otto skorzeny
otto skorzeny's picture

He bears the mark of the SQUID.

Wed, 06/12/2013 - 20:08 | 3652134 knukles
knukles's picture

Hear tell they changed the address from 220 West to 666 West Street

Wed, 06/12/2013 - 22:43 | 3652762 Buck Johnson
Buck Johnson's picture

Peole are finding out that the game is rigged as long as you are willing to pay for the information.  Don't worry, we won't have a market for to long it will implode in the very near future.

Wed, 06/12/2013 - 22:43 | 3652763 Buck Johnson
Buck Johnson's picture

Peole are finding out that the game is rigged as long as you are willing to pay for the information.  Don't worry, we won't have a market for to long it will implode in the very near future.

Wed, 06/12/2013 - 19:19 | 3651955 jcaz
jcaz's picture

Cramer clueless?  Shocker..... Dunno why his hedge fund shuttered overnight.....  Tool......

Wed, 06/12/2013 - 19:17 | 3651960 viator
viator's picture

Geeze, we live in a corrupt oligarchy. Who would have thunk it?

Wed, 06/12/2013 - 19:17 | 3651964 88888
88888's picture

I think she is hot, especially for a financial reporter

Wed, 06/12/2013 - 19:41 | 3652028 Temporalist
Temporalist's picture

Just because Bernstein has no balls doesn't mean he's a chick.

Wed, 06/12/2013 - 19:50 | 3652066 otto skorzeny
otto skorzeny's picture

Other than sue herrara has there ever been any pigs on the financial channels?

Wed, 06/12/2013 - 20:45 | 3652267 TimmyM
TimmyM's picture

I remember her first day on FNN. Suzy McMahon was pretty cute back then. Maybe you just don't have much tolerance for motherhood.

Wed, 06/12/2013 - 19:19 | 3651968 thismarketisrigged
thismarketisrigged's picture

is it weird that i have a man crush on santelli? 

Wed, 06/12/2013 - 19:42 | 3652034 knukles
knukles's picture

Yes

Wed, 06/12/2013 - 19:46 | 3652047 Westcoastliberal
Westcoastliberal's picture

Sounds like you might be Gay on the down-low.

Wed, 06/12/2013 - 19:53 | 3652076 thismarketisrigged
thismarketisrigged's picture

maybe its because compared to everyone else on that station,  he is so fucking logical and a refreshing sound of reason on that station, hence the man crush on him, in terms of the market.

Wed, 06/12/2013 - 20:04 | 3652121 knukles
knukles's picture

Yeah, but it still sound sorta gay and different than saying he's of character, qualified or appreciated.
Not that I give a rats ass, but it is funny... 

Next thing is he'll be saying he has a man crush on Maria Blowaroma and that will be seriously disturbing.  Accurate, but disturbing.....

Wed, 06/12/2013 - 21:15 | 3652375 SilverDosed
SilverDosed's picture

Still shilling I see. Rick is that you?

Wed, 06/12/2013 - 19:23 | 3651980 The Shootist
The Shootist's picture

I wish these cnbs vids were compatable with Apple's non-java products

Wed, 06/12/2013 - 19:30 | 3652003 maskone909
maskone909's picture

Yeah fucking bullshit

Wed, 06/12/2013 - 20:47 | 3652275 Nue
Nue's picture

try running a linux virtual machine.

Wed, 06/12/2013 - 19:28 | 3651994 Temporalist
Temporalist's picture

Eamon, Eamon, Eamon!!!  Eamon has been trolling ZH.

Wed, 06/12/2013 - 19:51 | 3652068 El Hosel
El Hosel's picture

Cramer, no way he is not lying (about not knowing) and by the way cheating is "ok" as long as the Government ignors it.... another "Great American" on CNBC.

Wed, 06/12/2013 - 19:34 | 3652008 ebworthen
ebworthen's picture

Watched this, it was entertaining.

Cramer tried to look shocked.  Bet he is whining to execs. that they are going to lose ad revenue from Prudential and Charles Schwab, et.al. if they can't bamboozle Mom and Pop investor into believing in the Ponzi markets with people like Santelli around.

Wed, 06/12/2013 - 19:36 | 3652014 Bloody Chiclitz
Bloody Chiclitz's picture

Good post.

Guck the alfo s!

Wed, 06/12/2013 - 19:42 | 3652032 blindman
blindman's picture

feed the machine and then die, the meaning of life.
ahh, thanks anyway.

Wed, 06/12/2013 - 19:42 | 3652033 RaceToTheBottom
RaceToTheBottom's picture

Dickless wonders!!!!

 

Is that true?

Yes, it is true.  The man has no dick....

"Ghostbusters"

Wed, 06/12/2013 - 19:45 | 3652040 gwar5
gwar5's picture

Santelli has been very consistent over the last five years.

 

The rest of them remind me of the bar scene of Star Wars. Or worse, I just remembered this demented menagerie caught last May.... A man, a zebra, and a parrot were all caught DUI in the front seat of a pick up truck last year on the way home from a bar:

www.theblaze.com/.../police-arrest-drunk-driver-with-a-zebra-and-parrot...

 

Surely nothing is ever as black and white and fucked up as it first appears, right?

Wed, 06/12/2013 - 19:49 | 3652061 gwar5
gwar5's picture

Police: What's with the parrot?

Man: Conversation keeps me awake.

Police: So what's with the fucking Zebra?

Man: The parrot's legs can't reach the pedals.

 

 

Wed, 06/12/2013 - 21:51 | 3652513 ebworthen
ebworthen's picture

LOL!

Why wouldn't a place called "The Dog House Lounge" not take a Zebra and a Parrot?

I'd bet some of their customers were more animal than those animals.

Pets as children?  Anthropomorphism comes full circle.

What would Walt Disney say?

Bambi?

Thu, 06/13/2013 - 01:35 | 3653218 U4 eee aaa
U4 eee aaa's picture

a man, a zebra and a parrot are driving down the road.

It has the makings for a classic joke.

Now I am beginning to understand where all those classic jokes came from

Wed, 06/12/2013 - 19:47 | 3652049 I need Another Beer
I need Another Beer's picture

Dams yankees

Wed, 06/12/2013 - 19:48 | 3652054 I need Another Beer
I need Another Beer's picture

Buuurrrpp!!!

Wed, 06/12/2013 - 19:48 | 3652055 unwashedmass
unwashedmass's picture

 

like Cramer didn't know. please. he really does think everyone out here....among the great unwashed ... are as dumb as posts. 

Wed, 06/12/2013 - 19:49 | 3652057 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

This like watching Mr. Rogers. Holy cr-p.

Wed, 06/12/2013 - 19:55 | 3652086 jomama
jomama's picture

how have these jokers never heard of this shit when i'm some idiot totally removed from the stock market crowd my whole life, and i've known about it for years?

Wed, 06/12/2013 - 20:01 | 3652104 Bay of Pigs
Bay of Pigs's picture

"How little I knew"

Jim Cramer

HAHAHA...

Wed, 06/12/2013 - 20:03 | 3652115 Downtoolong
Downtoolong's picture

One would think the University of Michigan could step in  and put a stop to it if they wanted. But, I wouldn't be surprised if they are also getting a cut of Thomson Reuters premium cut of the HFT skim, and so on, and so on. The whole effing system is rotten to the core. Every time we pull back another layer of the onion it is uglier than the last. Now they're all pointing fingers at each other for letting mom and pop leave the building. The dark comedy is fading to black.

Wed, 06/12/2013 - 20:06 | 3652128 The Invisible Foot
The Invisible Foot's picture

BUY BUY BUY!!!

Wed, 06/12/2013 - 20:18 | 3652175 Tombstone
Tombstone's picture

I would like to see where else EFTer's are paying big bucks to get an early jump.  Is this another one of those tip of the iceberg deals?

Wed, 06/12/2013 - 20:23 | 3652180 Dr. Engali
Dr. Engali's picture

I'm mixed on this piece. On one hand it's good to see that after four years these idiots are finally catching up to Zero Hedge. On the other hand their false pretense and their efforts in trying to act like they broke the story makes my head explode. It would have been nice if Rick gave some credit to the Tyler's for being all over this long in advance of everybody else.

Wed, 06/12/2013 - 21:12 | 3652359 villainvomit
villainvomit's picture

I think they are trying to minimize the negative impact by breaking the story first, just like politicians. HaHa  Criminal Cramer says the govt says it's legal then it's legal.....BS!  I thought we were giving the data at the same time everyone else got it...I'm shocked....BS He is about as bad an actor as Robbie Parker !     Anyone that has watched a screen knows this BS has been going on for years....Oh wait a minute, I have to go watch the NBA finals.....HFT / Manipulation ? Is he on the HEAT ?                                                                                                           

Wed, 06/12/2013 - 20:20 | 3652187 Bobbyrib
Bobbyrib's picture

Santatelli didn't school shit. What a bullshit headline. Cramer is full of shit, I can almost guarantee he had an idea of access to early information or there is no way he could have run a hedge fund. The only way you would need HFT is if you are the ultra elite who receive it 2 seconds earlier. Retail investors have to wait a full motherfucking five minutes before they get the information the elites got. Don't tell me the news is HFT, the news is the market is rigged and if you are a retail investor, you are fucked. Insider information trading laws are not enough to keep the market fair. Lesson learned by those who watched, or suspected.

Wed, 06/12/2013 - 20:40 | 3652246 razorthin
razorthin's picture

"If the government thinks it's OK, then it is"

That's the real story.

Thu, 06/13/2013 - 01:45 | 3653235 bunnyswanson
bunnyswanson's picture

Ponzi scheme of the 21st century.  First ones in and first ones out win.  Rigged.  Nothing to rationalize about that.  It's a transfer of wealth.  Dispiccable.  Cramer's fans were destined to lose more and gain less than the giants moving massive amounts of wealth through a washing machine ringer.

Wed, 06/12/2013 - 20:53 | 3652285 sunnyside
sunnyside's picture

I miss Trish Regan's journalistic integrity.  And by integrity I mean tits.

Wed, 06/12/2013 - 21:14 | 3652370 villainvomit
villainvomit's picture

Isn't she back on Bloomberg TV ?

Wed, 06/12/2013 - 20:52 | 3652288 BaggerDon
BaggerDon's picture

What a joke , see this Javers report from a few years ago at the TREASURY.............. http://www.nytimes.com/video/2011/03/15/business/100000000726437/nyt-2-21-1300197828675.html  right from the Treasury they are in touch with key market participants....

Wed, 06/12/2013 - 21:23 | 3652299 ToNYC
ToNYC's picture

Santelli gave up the Local's edge, what's left of that rich tradition. To be sure the few pit survivors are left watching the train wreck that HFT did to the them and the rube individual trader. Dorothy didn't find gold bricks where she got flown, they were empty when-come monte shells.

Wed, 06/12/2013 - 21:20 | 3652401 web bot
web bot's picture

THE WESTERN WORLD IS IN SERIOUS, SERIOUS TROUBLE... I'm not joking...

Wed, 06/12/2013 - 21:32 | 3652447 breakyoself
breakyoself's picture

All I could say was 'damn' when Tyler said that maybe they shouldn't report this type of stuff anymore, which makes those on main street think the market is rigged against them. I don't think he meant to say it out loud.

Wed, 06/12/2013 - 22:27 | 3652676 Bryan
Bryan's picture

Cramer eating crow about pretending to be shocked (caught red-handed) that there's a tiered release of news... priceless.

Wed, 06/12/2013 - 22:29 | 3652685 nanex
nanex's picture

We published this 2 years ago*.  

http://www.nanex.net/Research/EMini1/Emini1.html

 

Since that time, we have published no less than 2,500 other "interesting" observations, many I'm sure would qualify to be the "story of the day" on CNBC:

http://www.nanex.net/aqck/aqckIndex.html

 

Our work here is done. Thank you all for listening. Your turn, media.

 

nanex

 

*That's 31 trillion microseconds ago in HFT speak.

Thu, 06/13/2013 - 09:35 | 3653783 Drachma
Drachma's picture

That's some good sleuthing. Really puts things into perspective. Funny thing though, if I were to share these obvious signs of manipulation with my friends and family, who still believe there are free-markets and that their money is safe in the hands of their fund managers, they'd dismiss it outright, if they even understood it at all. Cheers.

Wed, 06/12/2013 - 22:41 | 3652745 whoopsing
whoopsing's picture

Sorry for the rant.... Burn in your house that you helped create you fucking cunts!! Retail out. Thanks Rick for keepin' it real as much as you can. P.S. suck it cramer you shill peice of shit, rot in hell fucker...old news

Thu, 06/13/2013 - 00:20 | 3653083 Godisanhftbot
Godisanhftbot's picture

 HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.  HFT is in the FrontRunning Business.

Thu, 06/13/2013 - 01:41 | 3653225 dunce
dunce's picture

What i found disturbing was when Cramer said if a prosecutor made a case out of it ,then it would be illegal because i believe he is telling the truth. I was under the impression that congress makes the laws, not prosecutors. I had heard of prosecutorial discretion, but never thought it was that expansive. The problem is  seen at it's worst in Eric Holder who refuses to prosecute clear violations of the law for political purposes. This is the nation of corrupt men and not laws.

Thu, 06/13/2013 - 08:26 | 3653598 Shizzmoney
Shizzmoney's picture

"Fair Markets, Free Markets" LOL

CNBC is awful.

Thu, 06/13/2013 - 13:21 | 3654559 r8trader
r8trader's picture

When did the issue become getting inside or early information?  The issue is that it is and always has been ILLEGAL to trade on non public information.  Anyone can have the information early...they just cannot act on it.  You are all missing the story...it IS cheating if you trade before the information is PUBLICLY available!

Do NOT follow this link or you will be banned from the site!