March 6, 2009 (FinancialWire) (By Frank Kollar) -- Last week we wrote that the stock market had been critically injured. This week it appears to be on life support. The S&P 500 Index (SPX) has lost over 24% in the last two months alone! Have you ever tried to start a car with a dead battery? Have you tried recharging the battery, only to find that it won't hold the charge and after maybe one start, it fails again? That is the stock market. There is no reason for buyers to step up to the plate. The stimulus and spending bills, the huge amounts of money being poured into our failing banks and corporations, and now the money to be spent trying to keep delinquent homeowners in their homes, none of it is working. Oh sure, someday the economy will turn around and the markets will rally. They always do (I think). But no one can see any light at the end of this tunnel, so no one is investing, while more and more investors are pulling more and more funds out of the financial markets. Since President Obama was elected, the stock market has lost some 30%. This is not an investor's revolt against a new Democratic president's policies. This is millions of investors making decisions with their very non-political wallets. And they are leaving in droves. A new battery is needed. Not a recharge into an old battery like the administration is currently doing. Investors need something that will hold a charge, and that means ending the props for failing companies and homeowners and stating, unequivocally, that the government will print and borrow no more money. That's it. Finis. The end. Then we will see a new market advance and eventually an economic recovery based on the one asset this country has that never gives up: its people; workers, investors and entrepreneurs. It would be painful for a while, but isn't it painful already? Do we expect the administration to say this? No. And eventually, even without the help of our government, the economy will recover. It always does.right?

The Investrend Earnings Calendar features Ann Taylor Stores (NYSE: ANN), expected at $0.55; Healthtronics (NASDAQ: HTRN), expected at $0.04; Perficient (NASDAQ: PRFT), expected at $0.15; Tasty Baking (NASDAQ: TSTY), expected at $-0.03.

The Investrend Economics Calendar lists Employment Report for February (8:30 a.m.), Consumer Credit for January (2 p.m.).

The Investrend Events Calendar showcases LLY, MRK, KG, NVS at Health Care Conference Administrators. The National Disclosure Summit; MDCO, CYH, HLS, THRX at Stanford Group Company Healthcare Conference; PCX, SD at Simmons & Company Energy Conference.

The Investrend Money Index is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ 50 Most Actives indicate the direction in which the mass of money is flowing. Last session's trading showed five advancers versus 45 decliners. Advancers were led by Pt Ultrshrt Sp500 Ps (NYSE: SDS) up 8.26%. Decliners followed Financial Bull 3x (NYSE: FAS) down 26.08%, Fifth Third Bancorp (NASDAQ: FITB) down 20.35%, Hartford Fin Svc (NYSE: HIG) down 19.65%, Us Bancorp (NYSE: USB) down 18.17%, Ultra Financials Pro (NYSE: UYG) down 16.94%, Wells Fargo & Co New (NYSE: WFC) down 15.94%, Alcoa Inc (NYSE: AA) down 15.71%, Jp Morgan Chase Co (NYSE: JPM) down 13.99%, Bk Of America Cp (NYSE: BAC) down 11.70%, Hudson City Bancorp, Inc. (NASDAQ: HCBK) down 11.14%, Citigroup Inc (NYSE: C) down 9.73%, Dryships Inc. (NASDAQ: DRYS) down 9.23%, Dow Chemical (NYSE: DOW) down 8.36%, Ultra S&P500 Proshrs (NYSE: SSO) down 8.04%, Sprint Nxtel Cp (NYSE: S) down 7.53%, Morgan Stanley (NYSE: MS) down 7.32%, Research In Motion Limited (NASDAQ: RIMM) down 6.20%.

Vote in the Investrend Poll Question of the Day at Investrend Information (http://www.investrendinformation.com).

Investrend Website of the Day: http://www.cmnh.org/

Quote of the Day: "Is it progress if a cannibal uses a fork?" Stanislaw Lec

Today is: National independence day in Ghana

Happy Birthday: Michelangelo Buonarroti, Cyrano de Bergerac, Elizabeth Barrett Browning, Bob Wills, Lou Costello, Ed McMahon, Alan Greenspan, Gordon Cooper, Ivan Boesky, David Gilmour, Rob Reiner, Tom Arnold, Shaquille O'Neal.

Today in History: Ferdinand Magellan discovered Guam in 1521. The Missouri Compromise was signed into law in 1820 by President James Monroe, allowing Missouri to enter the Union as a slave state, but making the rest of the northern part of the Louisiana Purchase territory slavery-free. After a 13-day siege by an army of 3,000 Mexican troops, the 189 Texas volunteers defending the Alamo were defeated and the fort taken in 1836. Pionerskaya Pravda, one of the oldest children's newspapers in Europe, was founded in 1925. USS Newport News, the first air-conditioned naval ship, was launched from Newport News, Virginia, in 1947. Tom O'Hara set a new world record for the indoor mile run in 1964 by completing it in 3 minutes, 56.4 seconds. After 19 years presenting the CBS Evening News, Walter Cronkite signed off for the last time in 1981.

[FirstAlert" was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information (http://www.investrendinformation.com). The opinions expressed in FirstAlert" do not necessarily reflect the opinions of Investrend.]

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