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Welcome back. Time for the last word. Jim chanos is our guest today. We started out talking about china. Why dont we end up there, too . Avoid anything with the chinese property markets, steel, cement, iron ore. Can you short australia too, jim . Certain parts of australia are going to feel this, not the whole country. This is the bubble is just being blown bigger and bigger and bigger and it is hard to avoid. Three years ago this was somewhat controversial but when a property bubble is visual, you cant miss it. Emerging markets somewhat dependent on china, too . Asia . Depends. Some are. Some less so than others. To be on your radar screen. Should just be careful, anything dependent upon the chinese economic miracle, i would be careful of. Bigger shorts on, stuff we have been talking about for years . Broadening out from china to construction equipment, things like that. Jim, thank you very much for being here in studio. Always a pleasure. Andrew, jeremy siegel, thank you guys so much ....
eastern. it s 4:00 on the street. the dow jones industrial average up about 28 points. about 15 minutes before the close, we saw the market actually go in negative territory. pretty good burst, about ten minutes before the close, ending just under 13,000 at 12,980. volume, just anemic once again, under 800 million shares here. nasdaq strong, technology the winner on the year. up 22 points on the session. three-quarters of 1%. below that 3,000 mark at 2988. the s&p 500 up to 1374. let s check in with sharon epperson with the big move in oil and the rumor circulating out of saudi arabia. over to you, sharon. it was that one report that we saw that came from iranian press tv about an explosion of a major pipeline in saudi arabia that caused this spike to $128 a barrel. we re now hearing that saudi officials say it is not true, and that is perhaps why we ve come off of that mark. but still, brent crude futures up $4 here. and at the highest level we ve seen in about fou ....