The! Biggest! News! of! the! Day! - Playboy

The following is a repost from my blog on Schaeffer's...

The big story today is, of course...earnings from Playboy Enterprises (PLA). Yes that's right, Playboy...

Now I know what you may be thinking - "what about today's FOMC meeting?" or perhaps "what about earnings from Cisco Systems (CSCO), which are due out tonight?". Those are understandable questions given that the popular media is flooding your thoughts with issues of interest rates and questions about the health of the tech sector. I also realize that PLA shares have lost nearly 30 percent this year and show little in the way of constructive technical action. But consider my argument... Its Playboy!

And I also appreciate that stock futures just took a small hit after productivity and unit labor costs came in higher than expected, but still, were are talking about Playboy...

As it stands now, concensus seems to call for the Fed to hold tight so, unless Big Ben is going to actually follow through on his comments about throwing money out of a helicopter, my eyes will be glued to the biggest news story of the day...