For once Cramer shacked it:
Apple (AAPL) took a 63 point nosedive after management reported earnings. Cramer doesn't think it was the declining gross margins or questions about market share that hurt the company the most, but the arrogance of management, which gave analysts the impression that the company doesn't need to justify itself. Cramer thinks that Apple is resting on its laurels because of its past greatness, and the once-growth company is now becoming more of a value stock; "Perhaps the guys at Apple don't even care." Cramer issued an open memo to Apple: Do something with your cash. Apple could be helped with a buyback, a dividend or an acquisition, but he doesn't see much upside in the stock for the short term.
Cramer is too focused on the short-term performance of the stock. A buyback will only give it a short term pop. The overriding concern investors have with aapl is its innovation. IT takes money to innovate. Keep the money and use it to make the next great product.
Damage has already been done. Permanent damage to the band and to people lives. This is how Bernie's Madeoff victim's felt and it sucks. Sitting waiting, hoping, making plans to is something no living person should have to experience.