Bookkeeping: Adding to Juniper Networks (JNPR)

I see Juniper Networks (JNPR) is down 2% this morning, giving back its post Fed rally gains. I am adding to my position, making it a 2.25% stake in the fund. While not cheap by any means, the Fed has basically given an all clear signal to speculate and buy growth stocks at all costs for the near term, risk be damned. And yes there will be pullbacks, but right now the drunken orgy is back on.

Today Morgan Stanley (MS) produced a pretty bad earnings report, but the stock is up. Again, we are returning to an era where bad news is ignored. Pay the piper? Not now. Check back in 2008.

I am not sure why Juniper is down, but I assume some analysts downgrade somewhere. Either way it's still well above its technical averages, and the strategy now has to be to 'chase' to some degree - billions of dollars around the globe are now needing to find a home as cautious hedgies and mutual funds need to 'performance chase'.

Long Juniper Networks in fund; no personal position