Last week we wrote about the unknown unknowns, since the market had fallen like a stone due to some unexpected events. Many stocks have been smashed for no other reason than the fact that they are listed.

What the events in Japan have to do with a significant decline in the share price of Data Centre company Next DC is beyond me. I understand the sentiment issues but how a great business can be worth 15 per cent less than it was the week before (and after some positive announcements) is baffling.

While I appreciate these opportunities to add to existing positions in great businesses that are growing every day, I wish the reasons why never happened.

The misery created by unknown events is upsetting and unsettling, but there can be no going back. These events are not new and perhaps we need to go back in history in order to understand how to deal with them and to move forward.

Many years ago, in the 1500s, Hernando Cortez was the captain of eleven ships with more than 500 soldiers headed to Mexico to conquer the Aztecs and return with gold and other treasures.

After a long and difficult voyage, upon arrival the sailors and soldiers were in poor shape. Many were ill and had lost motivation and were frightened of the perils they faced in a strange new world.

If they faced challenges or were defeated, how would they return home to what they knew and were comfortable with?

Hernando Cortez had the perfect answer.

He burned the boats down – there would be no going back and the only direction was forward.

The old way of doing things would have to be rethought and a new way defined.

I am writing this note form Hawaii where I have been for the past number of days. The hotel we stayed in was evacuated the night before the Tsunami was due to arrive and the damage created was heartbreaking to the local people and economy.

The hotel had only just reopened following a 12-month closure for restoration and refurbishment and now this.

Local businesses took the brunt of the damage but that same afternoon many of these businesses had reopened and were getting back to work. The people I spoke with were resilient and upbeat about the future. They were optimistic about their prospects and were only looking forward. Since being away, I have sensed a new tempo and a company I spoke with last week told me that in the past two months they have had more orders for new business than they did in the entire year of 2010.

I was watching the US market fall away and then noted the following statement that seems to have gotten lost.

In US economic news, New York manufacturing activity continued to expand in March, with more businesses raising prices in the face of higher costs and a survey of business conditions handily beating expectations. The index for employment also jumped to a reading of 9.09 from 3.61 in February. But profit margins remained under intense pressure.

US import prices also rose more than expected in February as costs increased for energy, industrial supplies and food. The price of goods imported to the US climbed by1.4 per cent from the month before, the Labor Department said, topping consensus estimates of a 0.9 per cent price increase in February.

As we continually point out, everyone these days is connected and events that happen in the world are broadcast in milliseconds to all parts of the globe.

In this interconnected world, we have more and more opportunity than ever to make our businesses more efficient and to add value to those lives that we can have a positive effect on.

Welcome to Australian stock market opportunity 2.0.