Charlie Rose is the master interviewer. This one below is an excellent one done early last week with Jim Chanos of Kynikos. Well worth watching his thoughts on China and our own capital markets.
You can click on the link here to see the full interview.
As for our stock market it is truly something to behold. It can....
Ignore Goldman and Abacus
Ignore Lehman 105
Ignore record credit contraction
Ignore record foreclosures
Ignore shadow inventories
Ignore mark to fantasy financial balance sheets
Ignore record insider sales to buys numbers
Ignore skipped mortgage payments resulting in positive consumer sales numbers
Ignore record debt bubble
Ignore, ignore ignore.
Quite the resilient tape is it not? Hey, wait a minute... wasn't resilient the word de jour for former Treasury Sec. King Henry Paulson back in late 2007 and al through the decline of 2008 to describe the economy? I think so.
I was stopped out of my DAI short position yesterday at $52.25 for a flat trade.
Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $12.06
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $10.52
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $21.97