Patience

Last Friday my one tweet was that the move off the lows from the night before lacked an impulsive feel and patience would likely be rewarded. Even though it would not be the first time I've said something like that at a key spot only to have the market prove me wrong, I still feel the same way.

Whether we go lower or higher from here does not matter to me. What matters is that clarity appears. Also I do not think we'll know the full extent of the damage to Japan for several days. In the meantime my thoughts are with the millions of Japanese without water, electricity, or heat.

If you are in the path of the fallout, stock up on a variety of seaweeds and green tea extract to help protect yourself from radiation.