Ali’s blog

Mostly quant stuff with occasional digressions

The markets don’t believe in Bush’s plan either

Posted by alifinmath on January 21, 2008

An FT piece showing the market doesn’t have any faith in Bush’s plan:

The losses in Europe followed heavy falls in Asia as investors gave US President George W. Bush’s stimulus package a lukewarm response. In Japan, the benchmark Nikkei 225 tumbled 3.9 per cent to a 27-month low of 13,325.94. It has lost a quarter of its value in the past six months.

”Equity markets greeted the news [of the stimulus package] with a resounding thud,” said Sue Trinh at RBC Capital Markets.

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