Interest goes UP in the US and tight financial policies in China make real estate services stay low for a while. The time you are waiting for a rebound is a looser. Invest $$$ somewhere for quick return. EJ is on the downturn and must go thru the whole cycle before it can go back up. It may take more than 1 quarter at least!!! Look EJ beat estimates last quarter but still went down since the near term future is not so bright!!! Money has to make more money and can not sit there idle !!! Just a thought !!! Good luck.!!
Normally, I would think that the case, babbeo6. The respect in the investment community for Zack's as compared to a Goldman or Citi upgrade is generally meaningless. However, I would suspect a Downgrade from Zack's might produce a little sell off normally, funny how that works. Again, I highly doubt it is cause for the initial pop today, too.