Jim Chanos, Kynikos Associates, shares his perspective on the markets; institutional shorting; and why he believes China’s economic troubles are getting worse. The rampant growth of credit in China appears to be forming a bubble, Jim Chanos of Kynikos Associates says. Kynikos Associates’ Jim Chanos, discusses why he thinks the PC markets “are behind the eight ball.” And, Toni Sacconaghi, Sanford Bernstein analyst, defends his buy rating on Apple, despite its recent pullback. CNBC’s Josh Lipton tracks today’s top moving stocks. And, Kynikos Associates’ Jim Chanos, shares his views on natural gas and coal. Bill Nygren, Oakmark Fund, shares his plays on Apple and DirecTV, and explains why he sold his position in Dell. And Jim Chanos, Kynikos Associates, discusses what he looks for before shorting a stock. Kynikos Associates’ Jim Chanos, shares his views on Herbalife and why he believes the multi-level marketing model is flawed, and why he has questions about Netflix.
Videos and computer transcript below:
Jim Chanos on china
Jim Chanos long AAPL, Samsung, short Dell, HPQ
Jim Chanos on Shale and CHK
Jim Chanos on the art of short selling
Jim Chanos on Herbalife
welcome to a special edition of the halftime show. today we are joined for the full hour by jim chanos, called one the world’s greatest short sellers for his calls on enron and recently on hewlett-packard and hours. over the next hour, we’ll talk about key positions, bearish take on china and the role short sellers play in the markets today. jim, welcome. good to be here. pete najarian joining us for the hour, as well. let me get your take just where we sort are in the markets at large. does a guy like you — i mean, you’re known as a short seller and we’ve had this huge updraft in the market. how do you compete with that? yeah, i’ve noticed that, scott. look, we are — we have two pools of capital. our short-only capital, which is predominant part of our busines and then a hedge fund, more traditional, like a lot of other managers. we try not to worry about the markets. we’re trying to fix stocks that are going to underperform the markets. and, in fact, that’s how we get paid. my call on markets is probably pretty worthless. i started my short fund in 1985, the dow was at 1300. so timing is not my forte. but look, we’re mindful of it. i think the u.s. has probably been the best place to be, probably still the best place to be.