Lots of domestic institutions are taking a cautious stance, so we could see boring, volatile markets.

We're being a bit cautious up in Singapore and have taken a pro-active stance there.

We have had a cautious stance on [the PC group] since September, but we are lowering our rating on Compaq ... for a different reason: its turnaround is faltering, despite the low valuation on price/sales.

I like the proactive stance the city is taking.

The markets have been very volatile and a large segment of the market is historically a very volatile segment of the market,

The department is taking a cautious approach on this.