What's The Point Of Hiding It Any Longer?

Tyler Durden's picture

Compare and contrast.

From the Chicago Mercantile Exchange 2012 10-K:

Customer Base


Our customer base includes professional traders, financial institutions, institutional and individual investors, major corporations, manufacturers, producers and governments.

And from the Chicago Mercantile Exchange 2013 10-K:

Customer Base


Our customer base includes professional traders, financial institutions, institutional and individual investors, major corporations, manufacturers, producers, governments and central banks.

And there you have it, but in case anyone is still confused, here is some more:

At this point why even pretend there is a "market"? The "market", and by "market" we mean stocks - it has long been known that central banks actively trade bonds, FX and commodities - is whatever central banks say it is.

Finally, if central banks are going to be rigging the market as they now conclusively are on a daily basis, perhaps they can disclose ahead of the trading day start to everyone, and not just the primary dealers, what the closing S&P 500 price for any given day is.

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cpnscarlet's picture

Gold is below 1270.


And that's where they want it because they are so much more smarter than we are. Too bad the Chinese and Russians aren't smarter...something could actually be done about this.

LawsofPhysics's picture

The real action is never where everyone is looking.

kliguy38's picture

CPN scarlet. You still dont get it ...WHO do you think is taking possession of physical at these prices.........heheheheeh

cpnscarlet's picture

I thought you were the sharpest knjfe in the drawer and didn't need a /sarc.


To this day - kilguy38 - the ego has landed.

hedgeless_horseman's picture



I was at the old CBOT last month.  You can see it in the eyes of the few specialists still hanging around.  You can see it in the valet racks filled with colored trading jackets that are no longer used.  The market is dead.  It has been sick for a long time, but central planning and HFT killed it.

Escrava Isaura's picture


The title: What's The Point Of Hiding It Any Longer?

So, the low IQ people don’t find out.

dirtscratcher's picture


Hey I resemble that remark!

I can handle things! I'm smart! Not like everybody says... like dumb... I'm smart and I want respect!

Escrava Isaura's picture


So make sure you don't tell them.


Let them remain as stupid as they can possible be so they can still believe in this dogma.


logicalman's picture

Wake the fuckers up.

The only time anything will change is when enough people start to realize they've been fucked over all their lives and are mad enough to do something about it.

Escrava Isaura's picture


 Please, I order you to keep quite!


Be a good boy, and pray for Jesus.


Did you talk to God, lately?

whotookmyalias's picture

Do they still try to teach the efficient market lie in school?

Bangalore Equity Trader's picture

What about the pledge of allegiance to the republic. LOL!

Americans, you guys are precious!

MalteseFalcon's picture

We already knew this about the CBs.  Now they're out in the open.  Doesn't change anything.

Drunk In Church's picture

Cheer up, you gloomy Hedgers.  The sun will come out tomorrow.  You can bet your bottom dollar that there'll be sun.

palmereldritch's picture

Yo Tyler,

It's Friday Night

Bring back the Open Thread FFS

Dr Hackenbush's picture

We'll show you Yellen's if you show us yours 

Heavy's picture

Religion requires that sort of belief.

GetZeeGold's picture



Wake the fuckers up.


Present! What would you like me to do?


Got one shot at this crap...so make it good.

Heavy's picture

Religion requires that sort of belief.

Ward no. 6's picture

i prefer rainy cloudy days

the sun hurts my eyes

ebear's picture

"Americans, you guys are precious!"

We're all precious in our own way:


mvsjcl's picture

When cometh the day we lowly ones,
Through quiet reflection, and great dedication
Master the art of karate,
Lo, we shall rise up,
And then we'll make the bugger's eyes water.



Bindar Dundat's picture

In poker we say -- don't tap the glass  -- it will scare away he fish.

Bangalore Equity Trader's picture

In Indian cricket we say:

Cricket is a pressure game, and when it comes to an India-Pakistan match the pressure is doubled.

logicalman's picture

One of the things I'm really bad at is taking orders.

Another thing I'm really bad at is believing in an invisible man in the sky.

BringOnTheAsteroid's picture

So taking orders from an invisible man in the sky wouldn't be your strong point then?

Questions like "Have you prayed to god" is just rehearsed script. Just when we say "Knock on wood" when we want to prevent something bad happening. We say this stuff because our parents said it and their parents said it. It's quite liberating when you get to the point in your life when you realise we are to a large extent, biological automatons.

logicalman's picture

Just another experiment of the DNA molecule, when you really get down to basics.

All life is equally pointless!

Enjoy the ride, with one caveat. You have to respect the right of others to do the same thing, as long as you, and they, are not hurting another.

Pickleton's picture

If it's all equally pointless and we're just a molecular experiment, then nobody is obligated to respect your right to shit.  

That kind of bullshit ideology will put you under the knife and your wife under the sword.  That's meat sword, of course.  But hey, if she's good looking enough maybe they'll keep her around long enough to make her farts permanently silent.  And then just move on, because none of it means anything...

willwork4food's picture

Right. For a logicman you are expressing illogical thinking. If I am just a platt in the universe amoung numorous platts without a reason for anyone's existance except for chance then why would I bother being nice to other people unless it suits my purpose?

Captain Kurtz's picture

Is it not logical to respect one another?  Isn't that mutually beneficial?  Pretty sure people in Syria, Ukraine, Iraq and any other lawless areas could use a little respect in their repetoire.  Just saying.

Captain Kurtz's picture

...as could everyone that is.

fervent in spirit's picture

Logicalman - if you would take a moment to think your statement through, you'll see the illogic of it.

Being a logical man, I am sure you don't need me to point it out though. ;-)

messymerry's picture

"Do unto other as you would have them do unto you."

The Golden Rule Bitchez!

Now, about the Supernatural...and that includes YOUR GOD.  Finding "real" evidence of the existence of the supernatural world would be an earth shattering event on par with discovering life on other worlds.  We have been looking for evidence of the supernatural world since history began.  In the last hundred years we have had technology to capture it and in the last 30 years that technology has spread all over the place.. 

Not a shred of evidence of even the most trifling superantural event has come forth even with cameras everywhere. 

Show me proof that the supernatural world exists and I will make a video of me eating my hat and post it on some video siter other than youfuckintube...

logicalman's picture

If you are unpleasant to others, they will be unpleasant to you, and likely vice versa.

I think you are telling me that you wouldn't be a decent person without the invisible dude threatening you.

Quite an admission.


SeattleBruce's picture

So what is evil and what is good? It's all just primordial soup, and the bankstas have just evolved further ahead than our sorry asses. Is that what you believe? I believe in human morality - which is the result of intelligent design - meaning we have a moral duty between right and wrong - as do the immoral bankstas. Live accordingly. In your case that may mean to slink back down into the primordial soup - as you clearly don't believe anyone has a say in these matters as we're all simply physical creatures. Don!'t get me started on how this all started, nor the what eternity is all about.

Thanatos's picture

Look man,

People are going to pretend 'till the end.

They wanna think they are doing well right up until the plane smacks into the mountainside and have it over with quickly.

No worries, no unnecessary fear or discomfort.

If you wake them, your the one who's gonna suffer.

These are completely brainwashed moron/babies and you can't imagine how badly behaved they are when not hypno-tranced out on TV 'n shit.


LooseLee's picture

My apologies. I thought you were talking about the worthless POS running the country, corporations, and financial system. My bad.

GetZeeGold's picture



It's OK....you're fine.

logicalman's picture

I don't think even the most rabid prepper is looking forward to the worst case scenario.

There are a lot of things in the world that make me mad as fuck, and I try to interact with the world on my own terms as much as practically possible, but something I really appreciate is being able to turn on the tap and have something resembling clean water come out of it, hot and cold.

We need change, not catastrophe.

NoPension's picture

We certainly do have it good right now, all things being equal.

GetZeeGold's picture





Hope and Change baby......Hope and Change.


Should be kickin it....right about now.

Thanatos's picture

I am not advocating catastrophe (or any other device/method) as THE mechanism which drives change.

Change is needed and is coming. It can't be held back much longer now.

The system is blowing apart at its seams and structurally failing at the same time.

You sound like you know it will be at the very minimum; Most unpleasant.

The convergence of many different issues/problems/risks/threats/diseases is nearing critical mass.

So many of the singular events classify as high prob / high consequence...

When you take them in aggregate and look at the risk profile increases for the average US Male over the last 20 years, it's breathtaking.

I'm not rooting for catastrophe, but it looks like that is what you are gonna get.


goldsansstandard's picture

Despite all the thievery, wars, taxes, inflation , and anything else that .gov can dish out, life , fed, clothed and sheltered by markets continues. It is the market that provides for whatever human needs are met, even in a collapsed Zimbabway., and a bombed out Hiroshima.

I got a taste of how absolutely amazing the changes are by taking my first ride on Lyft.

Less than two minutes from tapping the app to having a car pull up calling my name.I have been in City Hall when the cabbies come in to moan. Even though I am blind, I could feel the supervisors squirm.
The service is too much better and there are too many voter customers to stop it now. Medallion cabs , with all the BS they come with are walking dead, just like the buggy makers a century earlier.

Market trumps politics again.

Relax, enjoy the ride, and know that if you have your attitude right , nothing can get in there.

Herodotus's picture

If you want a ride through Lyft at 4:00 am, can you be assured that someone will come for you? 

August's picture

Some of them actually attend live athletic events. So there's that.

Ward cleaver's picture

Sorry, Dancin with Stars on

piceridu's picture

Fredo, you're my older brother, and I love you. But don't ever take sides with anyone against the Family again. Ever.

willwork4food's picture

I get what you mean there..