Wall Street rains on President’s Birthday: Huge Sell Off
August 4, 2011 - 10:38 am
Today President Obama turns 50. He will be in Chicago for a national series of big donor birthday parties. Entry fee for the exclusive dinner: an eye popping $38,500 per person or a $77,000 per cool couple.
But many investors seem to be raining on the the President’s parade. Around Noon Eastern time there was an unwelcome 370 point sell off in the Dow Jones index. That’s more than a 1,10 point drop since July 21.
Tomorrow new unemployment numbers are also expected.
Happy Birthday, Mr. President.