Misery loves company

Misery surely loves company.  Although, it doesn't lessen the pain one bit to have good company in turning bearish against the optimism in the equity market over the last three weeks, even when the companion is someone as luminous as Jim Rogers.  He was quoted today during an interview on Bloomberg that, for the first time in over 16-18 months, he started a short position on an unnamed major stock market index during the past two weeks (the interviewer was too sheepish not to probe whether it was the S&P 500 but wanted to know what gold would do in a month, she is obviously not the best Bloomberg has).  Jim Chanos was also quoted today telling Charlie Rose that China was on a "treadmill to hell" with its property bubble.  If China stumbles over the 12-18 months, the world recovery will be a horror show to watch.