We’ve spotted an unconventional sign that could signal the market is turning a corner. It’s not what most investors watch, but it could be speaking volumes!
And that sign comes from comments made by famed hedge fund manager James Chanos on CNBC. He made a killing betting against the market last year, but on Thursday he told us, "the markets are doing a lot better. Credit spreads are coming in. Confidence is coming back into the markets. The omnipotence of short sellers seems to be on the wane. I think that generally people are looking at the glass half full right now.”