Wordwide Exchange

Emily Sanders, CEO of Sanders Financial Management, told CNBC, "I am really not that concerned at the moment and I am encouraged by the rise in the futures this morning but of course we were due for a correction, the first quarter was just amazing I think it over reached on the upside and we were due for a correction."

Frank Daniels, correspondent at Reuters, told CNBC, "the quake was felt quite strongly in a number of Indian cities including Bangalore, Chennai in the south, Calcutta there are reports of cracks in some of the buildings a certain amount of panic and a tsunami warning has been issued for the whole of India's Eastern coast. India's Eastern coast was hit heavily by the 2004 tsunami so obviously there is a high state of alert about this."

George Goncalves, head of US rates strategy at Nomura Securities, told CNBC, "If you look back over the last two years over the whole evolution of the European sovereign debt crisis, come this time period April/May is really when we start to get these renewed fears and in many ways it is how the supply hits the European bond market around this time period."

The Nikkei's Nozomu Kitadai provides an overview of the trading day in Japan.

Michael Plavnik, head of the short-term interest rate desk at Citigroup, told CNBC, "The sovereign crisis in Europe has kind of been an active volcano that has gone quiet. What has changed in the last week is the concerns regarding growth in the US and in Asia and China have increased."

Charlie Morris, head of absolute return at HSBC Global Asset Management, told CNBC, "Spanish and Italian bonds have really been playing a game of cat and mouse over the year or two, they take it in turns to be the one more distressed than the other one and they are very much a pair. If you look at Greek bonds, Portuguese bonds, Irish bonds wherever else you look where there are some problems, these two, Italy and Spain, are very much joined at the hip."

Bill Barker, senior analyst at The Motley Fool, told CNBC, "we are already operating after the last couple of quarters at close to record earnings, close to what we had at the peak in 07/08 so a slight bit of growth on top of that is what is expected and there could be some sort of shock, some sort of big writedowns."

Margaret Towle, managing director and partner at HighTower Advisors, told CNBC, "right now we are positioning the portfolio to look out several months in advance so I agree that investors are finding some difficult places to invest right now but we are looking out longer towards a more inflationary environment, the two biggest things that investors need to deal with over the long term is volatility of portfolios and also the effects of inflation to preserve their real purchasing power."

One man has invented an alarm clock that can only be stopped by getting out of bed. The clock has no snooze button, if unplugged a battery takes over and the alarm cannot be reset, the only way to make the alarm stop is to go into another room and type the days date into a telephone like keypad.

Kit Juckes, global head of foreign exchange strategy at Societe Generale, told CNBC, "we are going to see earnings growth slow, if you think about the last six months we have had decent employment growth, modest economic activity and higher energy prices, put those in a pot you have much lower productivity growth and as productivity falls so thus profits come under pressure and earnings are going to be weaker."

Patrick Armstrong, managing partner, Armstrong Investments, told CNBC, " I think there is going to be a lot of headwinds this quarter for risk assets. I think you are going to see the market continually push periphery yields up higher until you see how the ECB will react, if you will see buying of Spanish and Italian bonds indirectly in the market, you are going to see earnings plateauing now and the question is how much China is going to slow? But all of these factors we think that risk assets will have a difficult quarter in the coming three months. "

Where to put your extra $10,000, with Chip Cobb, BMT Asset Management; and CNBC's Kelly Evans & Brian Shactman.