Mr. Ackermann is Mr. Deutsche Bank these days. He holds in his hands the vision and strategy for the bank.

I see no reason why we should see a break in this rise in the market. Valuations leave room for further price rises.

It's the strength of exports that drove earnings in the fourth quarter. We saw extraordinary demand from regions such as the Far East, Eastern Europe and Russia.

The overall performance of the market in the last couple of days has been impressive. Investors are locking in profits.

Companies are restructuring to make themselves fit for the future. Investors are looking for companies that are engaged in that process. It's a positive.

The weak dollar hits our economy at the worst possible moment. We had just seen the first signs of a small recovery. It hits our export-related companies.