Whenever someone would claim China was in a bubble or looking for ways to short China, I would laugh and mock them. I was under the belief that we were just seeing the catch up effect on an economy of 1.3 billion people; the rapid growth was fully justified. Boy was I wrong! China is the biggest bubble of them all. Congrats to who got it right. Also, did anyone ever discover a shortable instrument which correlated China 95%+?