We expect Dutch stocks to suffer this year due to pressure from a lower dollar. When the dollar declines, that directly comes off their profits.

I, like the whole market, thought they would go for unification. The market thinks they simply don't listen and they don't want to listen and they won't ever listen.

A very decent set of numbers from Philips, with both semiconductors and electronics surprising. The fourth- quarter outlook is very positive, though I am concerned about U.S. consumer spending in the holiday season, which could hurt Philips.

When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.

Most declines halted this year.

It's a dollar more than last year.