The! Biggest! News! of! the! Day! - Not Subprime Loans, Retail Sales, or Goldman Sachs

Here are some of the contenders for today's biggest...news...of...the...day...

• A weaker-than-expected retail sales report...
• A weak outlook from Texas Instruments (TXN)...
• Continued troubles in the subprime loan sector as New Century Financial (NEW) announced a grand-jury subpoena and a "formal notice of a preliminary Securities and Exchange Commission probe"...Accredited Home (LEND) is adding to the jitters as the company said "it's seeking more capital and exploring strategic options after paying about $190 million in margin calls since Jan. 1"...
• Better-than-expected earnings from Goldman Sachs Group (GS)...
• Some cautious comments on the market as it is said that corporate profits "stand at 12% of gross domestic product, the highest level since the 1960s and 33% above the historical average of 9%"...it is argued that "stocks are extremely expensive right now" and "buying in at high prices has always been the ticket to low future returns"...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - Snoop Dogg held over 'drugs use'...according to the article "Rapper Snoop Dogg was held by Swedish police overnight Monday on suspicion of using illegal narcotics"...this is the biggest news for the fact that this is already up and posted on Wikipedia...that site is scary fast...it is almost like it is updated in real-time - I feel like I will be reading a page one day and get to the bottom and it will say - "Nick Perry gets to the bottom of the page and..."