The main reason for Bayer's cautious forecasts is a lack of visibility.

We're awaiting a management conference call at 4 p.m. (1400 GMT) to see whether we should raise forecasts.

No one would have complained if they had stayed with the 40 percent growth forecast. This is a sign they might even beat 50 percent.

The way the coalition looks gives people reason to doubt what kind of economic reforms we might get. The market is resentful and has put pressure on the euro.

Acceptance is not submission; it is acknowledgement of the facts of a situation. Then deciding what you're going to do about it.

Acceptance is not submission; it is acknowledgment of the facts of a situation. Then deciding what you're going to do about it.