Nikkei Opens Lower On Tuesday

The "Exchange Volatility Index" is spiking meaning that investors are essentially freaked out.

With the DOW dropping well over 250, its almost a done deal that the Nikkei will tank as well.

Its hard to imagine what will rally the market this week other than some miraculous and unexpected news. Short selling is still the rage.

Reuters: Nikkei falls nearly 3 pct, banks and techs hit