Alcoa's (AA) earnings report has long stood as the unofficial kickoff signal of each earnings season, typically setting a tone by which subsequent releases are measured. While this quarter appears to have followed the expected pattern, there are some who have begun to question the relevance of Alcoa as a member of the Dow Jones Industrial Average. The Dow has started 2013 in impressive fashion, while Alcoa has languished.

In the video below, Fool.com contributor Doug Ehrman discusses Alcoa's numbers, the tone they bring to earnings season, and the company's place in the market, and in the Dow, as a bellwether.