Nick Sloane Quotations

When people hear the word explosion they sell on a reflex.

The results are good but the expectations for the bank meeting the return on equity target have been priced into the stock. Deutsche Bank has not yet addressed the issue of its new strategic step. They're relying too much on revenue streams that are highly volatile, for example fixed income.

The view is that it will be a slightly harder year for equities than it was last year. Investors are concerned about how margins will develop in the first quarter. If oil gets above $65 again, investors will start to worry.

The shares have done a lot in a very short time. Share gains of 30 percent in two months, plus raw materials costs still rising, could mean some investors will look to take profit in the near- term.

Investors see there's still some room for a hike in rates. Rising rates is bad for stocks in the short term.