The DOW Jones Index dropped to below 7000 today. This is the lowest level for the DOW since 1997 according to CNNMoney.com.
NEW YORK (CNNMoney.com) -- Stocks tumbled Monday, with the Dow and S&P 500 falling to 12-year lows after insurance company American International Group's huge quarterly loss added to worries about the financial sector and the economy.
The Dow Jones industrial average (INDU) lost almost 300 points, or 4.2% to end at 6763.29, its lowest point since April 25, 1997.
Meanwhile, the party goes on at the White House. The entertaining has dramatically picked up since Obama took office. Apparently, Wednesday is party day for the Obama Administration. Cocktails are often served and once a conga line even formed according to Breitbart.com
WASHINGTON (AP) - The White House is the place to be on Wednesdays.
Since the presidency changed hands less than six weeks ago, a burst of entertaining has taken hold of the iconic, white-columned home of America's head of state. Much of it comes on Wednesdays.
Cocktails were sipped during at least three such receptions to date, all held on Wednesdays.
The conga line formed after the media were escorted out...