The Brooklyn Daily Eagle headline on “Black Thursday,” Oct. 24, 1929, proclaims, “Wall St. In Panic As Stocks Crash.” FPG/Hulton Archive/Getty Images The supreme authorities from Chase National Bank, Harvard University, and Barron’s were as dumbfounded as everybody else. Chase’s chairman and Harvard’s treasurer were among the market experts enlisted by Barron’s to judge its […]
Back in February, Zillow’s stock was trading at an all-time high of $212. On Monday, it finished the day perilously close to its 52-week low, closing at $85.46. The fairly steady eight-month decline comes despite a red-hot U.S. housing market. And that’s making some investors nervous. Is Zillow a canary in the residential real estate […]