According to Alan Greenspan, which part of the market could spread to other sectors of the economy?

The reality is that the level of distress here definitely knocked down a couple of notches today. Stocks ended slightly higher, investors paid little attention to a worse-thah-expected inflation report, and comments from former Fed Chairman Alan Greenspan, who said problems in the sub prime mortgage market could spread to other sectors of the economy. So details now, the Dow Industrials as you can see at the Big Board adding 26 points and firmly back above that 12,000 level, the NASDAQ composite are up more than a quarter of a percent, the S&P 500 adding more than a third of a percent.

Stronger typhoons, more flooding in low lying regions, deepening drought -- all possible, if not likely, according to a report from British climatologists. They say 2007 has a 60 percent probability of being the hottest year on record, citing high levels of greenhouse gasses in the atmosphere, and El Nino, now underway in the Pacific and expected to last until May. Temperature studies for 2006 are not yet complete. But the new study, noting that the world’s ten warmest years since 1850 have occurred in the past decade, says 2006 is set to be the sixth warmest year globally, and 2007 is likely to set a new all time high.