Worries that the system could break down are very much weighing on the market at the moment.
I think it's fair to say there is a quite a bit of European money flowing in ... there is a view that some of this is oil money as well.
We've been hearing that Morgan Stanley's call was a reason for some investors to sell.
Both foreign and domestic investors are disillusioned that the government appears no closer to announcing effective anti-deflation measures.
There's so much gloom out there it's hard to find any reason to buy right now.
Oil concerns are making for some caution among the bulls.
Investors are also buying shares in firms with attractive dividend yields ... such as steel makers and gas and electric power companies.
Investors probably want to see what the U.S. job data will be like.
The initial drive for the day is to lock in profits from recent gainers ahead the three-day weekend.
The market has taken a cue from the New York market and advanced. But a lack of fresh factors is already sapping (investors') appetite.