- Market Commentary -

January 14, 2010 (FinancialWire) (By Bob Farley) — Every year around this time in my hometown, the local CBS (NYSE: CBS) station preempts regular programming for local hometown college basketball. And every year I wonder why they mess with my normal television viewing, especially when they have a sub channel that airs local weather reports. I have no special bias against the weather, but I do enjoy my police procedurals, especially the ones on CBS. I’ve never been a fan of NBC’s (They’re owned mostly by General Electric (NYSE: GE)) competing police and courtroom procedural, but at times like these, I’ll take a look. Not liking what I saw tonight, I was glad that I’d recorded something from the local PBS station–which is owned by everyone. Maybe someday if my son ever plays basketball for the local college, I’ll be complaining if the games don’t preempt Invisible Minds, but that won’t be an option for another ten years.

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The FirstAlert(tm) Economics Calendar lists Retail Sales for December (8:30 a.m.), Initial Jobless Claims (8:30 a.m.), Import/Export Prices for December (8:30 a.m.), Business Inventories for November (10 a.m.), Treasury auctions 30-year bonds (1 p.m.).

The FirstAlert(tm) Events Calendar showcases ACTU, ABAX, COGO, ASYS at Needham & Company 12th Annual Growth Conference; BLUD, JAZZ, TSON, BCRX at JPMorgan Healthcare Conference; HCP at Oppenheimer & Co REITS/Real Estate Outlook Forum; RZ at Geothermal Energy Association Finance Forum; TRLG, ZUMZ, FUQI, FOSL at ICR XChange; WST, CKP, MLM, TYL at CJS Securities New Ideas for the New Year Investor Conference.

FirstAlert(tm) Website of the Day: http://www.space.com/php/multimedia/imagegallery/

Quote of the Day: “There are two means of refuge from the miseries of life: music and cats.” Dr. Albert Schweitzer

Today is: Ratification Day.

Happy Birthday: Benedict Arnold, Albert Schweitzer, Hal Roach, William Bendix, Mark Goodson, Andy Rooney, Tom Tryon, Jack Jones, T-Bone Burnett, Carl Weathers, Shepard Smith, Steven Soderbergh, LL Cool J

Today in History: Martin Luther, 17, entered the University of Erfurt in 1501.: The United States ratified a peace treaty with England in 1784. American author Edgar Allan Poe published his first short story, “Metzengerstein,” in 1832. An earthquake in Kingston, Jamaica killed more than 1,000 in 1907. Franklin D. Roosevelt became in 1943 the first President of the United States to travel via airplane while in office, when he flew from Miami, Florida to Morocco to meet with Winston Churchill to discuss World War II. The first prototype of the MiG-17 made its maiden flight in 1950. The National Football League had its first Pro Bowl Game in 1951 in Los Angeles, California. The Hudson Motor Car Company merged in 1954 with Nash-Kelvinator Corporation, forming the American Motors Corporation. The Huygens probe landed on Saturn’s moon Titan in 2005.

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