These markets and the willingness for tr…

These markets and the willingness for traders to risk paying up for higher prices in the near-term is likely to be driven by the newsflow out of Japan. Regardless of the near-term multiple/risk appetite of the market, let’s remember the lessons we discussed about why we should pretty much just be ignoring (fill-in-the-blank foreign crisis, whether it be Ireland, Greece, Egypt, Portugal or now, Japan). It doesn’t pay to panic.  I’ve slowly worked my Ciena and Riverbed buys into the market today and I’m filled.  Not sure I’ll do any more trades today, but will let you know of course.