by Shawn Langlois
‘This market is setting up to be one of the great short opportunities of all time. Trouble’s coming, I don’t know when, but it’s coming.’
That’s legendary short seller Jim Chanos, fresh off a $100 million win, casting gloom over the current state of the stock market in a recent interview with the Financial Times.
Chanos, who once made a killing by shorting Enron and aims to make another one with his bearish bet against Tesla, just earned nine-figures by shorting Wirecard ahead of its collapse, according to sources cited in the FT story.
Of the big Wirecard win, he said “it’s bittersweet. because short sellers put up with weeks and months of misery, and you feel good for hours and days.”