China RE: How bearish is bearish enough? (Bloomberg via The Big Picture)

Jim Chanos: “I Might not be bearish enough on China RE (The Big Picture)

 

By Barry Ritholtz - May 24th, 2011, 6:24PM

Bloomberg: Hedge-fund manager Jim Chanos said investors concerned that U.S. technology stocks such as LinkedIn Corp. are overvalued should turn their attention to China.

Chanos, the president and founder of Kynikos Associates LP, said his “dramatic” bet against Chinese real estate may not be sufficient. While LinkedIn, the first social-media company to go public in the U.S., traded as high as 31 times sales last week, overvaluation is more widespread in China, he said.