No, he deals with the painful facts by recalling how much he loved Max. His tears show how much he cherishes those memories, remembering when they jumped and embraced before hitting the water.
What an act of greedy betrayal! How could someone do such a treacherous, unthinkable thing to someone who loves them -an unforgivable act. The outrage Noodles must have felt -but no murderous rage, only tears.
Max, his beloved friend died and he could always reminisce about those wonderful moments in time, and this monster Bailey could not destroy those joyful memories. The monster, Bailey was some fellow that Noodles did not know. Noodles left a betrayed man harmed and cheated, but with peace in his heart, knowing that he could never do such a thing that was done to him. Coming to a realization of what he had done, the gravity of it being too much for him to bear, Bailey threw himself into the garbage truck grinder, a cowardly act. Noodles realized it, feeling amazed, astounded but he was unmoved to see this monster die -but he felt no malice in his heart. He was a free man with no grudge in his heart.