Originally Posted by
tsptalk
Yup, and month of negative diverging indicators. But like a broken clock is right twice a day, the bears eventually get to say, I told you. But first they are wrong for a looonng time.
Jim Chanos was on CNBC today and they were talking about Evergrande and the Chinese real estate development market. They brought him on because he was bearish on Chinese real estate since 2009!! I mean, seriously. Is he claiming victory because of today's selling? :laugh:
Probably more to it than that, but it's funny how CNBC brings out all the bears on a day like today, when every other day up until today it was 90% bulls.