Here are seven (or so) links at 7AM Eastern.  We will see you later with the daily linkfest.  Good luck out there today.

Laszlo Birinyi, “Avoiding the banks, insurers, and brokers would have added 359 basis points to an S&P portfolio in 2011…”  (FT)

Checking in on the major asset class ETFs.  (Capital Spectator)

How Doug Kass gets to a 1345 target for the S&P 500.  (TheStreet also Pragmatic Capitalism)

Why simple valuation metrics are often wrong.  (Aleph Blog)

It is a mistake for Google ($GOOG) to compromise its search results in order to become a portal.  (Pando Daily, ibid)

How cheap is Apple ($AAPL)?  (Ivanhoff Capital also Apple 2.0)

Breakfast just got more expensive.  OJ futures hit an all-time high.  (FT, WSJ)

Long rabbits, short goats.  (Global Macro Monitor)

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