Smidiríní

The iPad edition while out on the road. I know I said I'd not post today but found a few stories of interest. Because I'm doing this from my iPad, the links look different as the host of my blog isn't really compatible with my machine.

http://finance.yahoo.com/blogs/daily-ticker/taxes-going-pay-pay-obamacare-145413745.html. Here are the new taxes you're going to pay for Obamacare. 

UBS lowers its year end estimates for the market to 103.50 and year end price target to 1375. Wall Street is coming back down to something closer to my end of year earnings estimates. Stocks are still cheap even it that level. http://www.ritholtz.com/blog/2012/07/the-occasional-yin-and-yang-of-research/. (from the Big Picture blog) 

S&P 500 is up a whole 2% on a price basis over the past 12 months. Dividends add about another 2% to that number. 

http://politicalticker.blogs.cnn.com/2012/07/02/cnn-poll-health-care-ruling-has-not-impacted-race-for-white-house-so-far/. (CNN article that suggests Romney is currently ahead of President Obama in key battleground states) but see also http://www.realclearpolitics.com/?state=nwa (real clear politics which shows the President ahead in nearly every individual state poll). I still believe that it is the President's election to lose and his fate will be sealed by voter's perception of the economy around Labor Day. 

*Long ETFs related to the S&P 500 in client and personal accounts.