A Bad Morning in Japan

It's certainly not a good morning in Tokyo. Things keep on slipping.

Trade was expected to remain relatively quiet and range-bound after the benchmark recouped nearly 70 percent of the losses it saw last week. The Nikkei plunged 9 percent last week, posting its biggest weekly percentage drop in seven years.

The financial whiz kids are aparantly confused as to what to do:

"Otherwise, the market is really searching for factors to move on. The selling we're seeing is basically to lock in profits, with the downside for the Nikkei solid at 16,100."