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FirstAlert(tm) Daily 2/4: With Friends Like These…

- Market Commentary -

February 4, 2010 (FinancialWire) (By Bob Farley) — Health insurers like Humana (NYSE: HUM), drug maker Pfizer (NYSE: PFI), and hospital manager Tenet (NYSE: THC) all went downhill Wednesday, more to do with dicey earnings calls than the failure of Senate Democrats to decide to bring health-care reform off life support.

The laughter heard in Senate chambers from senators asked about the fate of the bill proves that Republicans don’t have to worry about filibustering, unless they want to delay the failure of whatever watered-down, lukewarm, ineffectual bill might make it to a vote.

Still, it would be nice if the country’s leaders could decide not on “health-care reform” for the country, but instead for “health-care” for the country. If you’re going to dream, might as well dream big.

[Go to http://www.financialwire.net/?s=bob+farley to see more commentaries and articles by Bob Farley.]

The FirstAlert(tm) “Money Index” is an indicator of the depth of market direction or indirection. While not always including the same stocks, the combined NYSE, NASDAQ and AMEX 25 Most Actives and combined NYSE, NASDAQ and AMEX greatest Percentage Losers and Percentage Winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market. The most recently published FirstAlert(tm) Money Index Synopses are accessible via FinancialWire.net (at http://www.financialwire.net/?s=index+synopsis).  The data providing the basis for the FirstAlert(tm) Money Index is provided courtesy of Stock Smart, and complete Stock Smart charts and closing summaries are directly accessible via a dedicated Investrend.com webpage (at http://www.investrend.com/fa-index).

The FirstAlert(tm) Economics Calendar lists BTE, NPHC at The World MoneyShow Orlando; COP, OXY, VLO ME at Credit Suisse Group Energy Summit; SKYW, LUV, ALGT at Raymond James Growth Airline Conference; TD at TD Ameritrade National Conference; WFR Capital Markets Day.

The FirstAlert(tm) Events Calendar showcases Chain Store Sales for January, Productivity Index for Q4 (8:30 a.m.), Initial Jobless Claims (8:30 a.m.), Factory Orders for December (10 a.m.).

FirstAlert(tm) Website of the Day: http://www.rosaparks.org/

Quote of the Day: “If I had to choose, I would rather have birds than airplanes.” Charles A. Lindbergh

Today is: USO Day.

Happy Birthday: Johann Ludwig Bach, George Ernest Morrison, Charles Lindbergh, Byron Nelson, Rosa Parks, Ida Lupino, Ken Thompson, Dan Quayle, Alice Cooper, Clint Black, Oscar de la Hoya.

Today in History: The United Kingdom formally declared in 1783 that it would cease hostilities with the United States of America. George Washington was unanimously elected in 1789 to be the first President of the United States by the U.S. Electoral College. George Washington was unanimously elected in 1792 to a second term as President of the United States by the U.S. Electoral College. John Marshall was sworn in as Chief Justice of the United States in 1801. The Ohio Legislature authorized in 1825 the construction of the Ohio and Erie Canal and the Miami and Erie Canal. The Philippine-American War began in 1899. In Guatemala and Honduras an earthquake killed more than 22,000 in 1976.

[FirstAlert(tm) was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information. The opinions expressed in FirstAlert(tm) do not necessarily reflect the opinions of Investrend.]

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