LIVE: Famed Short-Seller Jim Chanos' Next Victim Is... Caterpillar Inc.

The bears are up.

Jim Chanos is just about to give his best investing idea at the CNBC/Institutional Investor Delivering Alpha Conference.

He calls his segment "the destroying Alpha" portion.

And the famed short-seller's next victim is... Catterpillar Inc.

WHY? The global commodities super cycle is over, China is slowing down,

FYI: He's still short his pick from last year, Hewlett Packard adding that the services business for servers is also declining.