Government bond prices fell initially--with the yield on the benchmark 8.15% 2022 bond rising to 7.80% in a knee-jerk reaction from 7.74% earlier, before recovering to end at 7.74%.
In a knee-jerk reaction there will be a call to ban or curtail the activities of these devils even though the report does not conclude that speculators were the cause for the run up in gasoline prices.
So, I think we should make an effort to have a real discussion and not just a knee-jerk reaction when some of us say that the comedy stage has no place for sexism, racism and homophobia.
Rather, it is largely a knee-jerk reaction to what China sees as rising nationalism among its neighbors coupled with a containment strategy led by the U.S. This reactive stance has been self-defeating as others come to regard China as deliberately uncooperative.
That decision seems to be a knee-jerk reaction based on an emotional response to the spill, and made without a full appreciation of the consequences which will adversely impact tens of thousands of hard working people who are engaged in the industry.
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Mr. TED WEISBERG (President, Seaport Securities): Well, it's characterized with a lot of volatility, unfortunately most of it on the down side though the markets did open dramatically lower - sort of a knee-jerk reaction, I think, to both Asia and Europe.
The company noted that European coal generation increased 13% in June over the last 12 months as a result of nuclear cutbacks, a knee-jerk reaction to nuclear power given the crisis at the Fukushima Daiichi plant in Japan, and higher gas prices, further feeding demand for coal.
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Winter isn't without sympathy for the 26-year-old, who he says has suffered a lot during a seven-month layoff from the game, but a knee jerk-type reaction by the tennis authorities is unwarranted.
That made a lot of that early reaction strike me as utterly knee-jerk momentarily.
Lisandro's arrival in France's culinary capital was no knee-jerk reaction to the departure of the home-grown Benzema - it was a transfer two years in the making.
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