Jim Chanos: Bear market is doing something unheard of in my career (via CNBCFastMoney)
His latest warning comes in the midst of earnings season, two days before the Federal Reserve decision on interest rates and four days before the key January employment report.
According to Chanos, the market will not be able to overcome rising rates and falling corporate profitability."Things are not cheap," said Chanos, who acknowledges stocks are still cheaper than 18 months ago. "But people are pricing in a pretty nice Goldilocks scenario."
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