Market Outlook for Tuesday: Sectors and International

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The problem children below:

A quick glance at the overseas market leaders follows:

Undoubtedly we all know many who felt Greenspan, often dubbed “The Maestro”, was the reason for any US prosperity. But what is becoming clear is that he kept interest rates too low for too long, encouraging a housing bubble and massive homeowner debt. The result is what we’re seeing in the financial sector which is spilling over to everything else.

That’s his legacy.

Unless something extraordinary happens over the next day, trading should slowdown dramatically by Wednesday. I wouldn’t expect any more commentaries beyond tomorrow... but you never know.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in: DXD, SDS, MZZ, TWM, IYR, IEF, UDN, GLD, GDX, USO, DBC and RSX.