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Most of you are probably acquainted with the Internet-based real estate web site known as Zillow, which is a public company under the ticker symbol Z. They haven’t been public that long, and although they aren’t doing as badly as some IPOs (Lending Club – symbol LC – leaps to mind), they aren’t exactly setting the world on fire either.
Well, equity action in the United States wasn’t exactly riveting today. The S&P 500 closed up two hundredths of a single percentage point. Whoop-de-freakin’-do, Janet. Maybe the twin reports from China (whose reputation for honest accounting is unequaled) at 7:00 PST this evening will shake things up.