Not An Easy Environment To Be Short

Jim Chanos Interview

My view:

"Risks are building in the system", is perhaps the best quote of the interview.

While Quantitative Easing has made it difficult for short sellers to bring valuations back to reality, eventually mean reversion will kick in.

The statement Mr. Chanos made about similarities in Tech stocks to behavior seen in 1999, should keep us grounded.

Eventually, possibly within weeks or months, we will see fear again seize the market and a flight to safety unfold.

At that point, gold and miners will finally rise from their dustbin and perform admirably once again.