Jim Chanos: Still short
Shortseller Jim Chanos was on CNBC talking about the markets and the economy. The gist of his comments was that there still isn’t a lot he would go long on. He did say he is long casinos in China but in general he remains short. The interesting bit is that his funds are benchmarked inversely, meaning if the whole market goes down, he doesn’t get paid. He gets paid in those funds for outperforming.