This Week's Activity – November 16, 2013:
This week, the Dow Jones 30 hit a new all time
high of 15,962. World wide indexes (except
the FTSE 100) finished the week Up. This week’s comments from Janet Yellen
guided the market to believe she is happy keeping interest rates low for the
foreseeable future. I have added more worldwide market indices to the table
above and also the P/E ratios when I could find them. With the ease and cheapness of travel,
shipping and communications in the 21st century, we are truly in a
global market for all products. As
investors, we need to understand the entire world financial markets to be sure
we are making the best choices even if we only are buying U.S. stocks.
I still think the markets are overpriced. But, I will keep looking for good values.
Stock Evaluator.xls is now able to get data
from Yahoo Finance again. I had to reduce
my individual stock symbol request file size from 300 symbols down to 100 for each
of my query files that I send to Yahoo Finance in order to make it IN and OUT
past the Yahoo gatekeeper in less than the allotted maximum time of 30 seconds.
Now I send Yahoo 3 times as many query
files (100 stocks each instead of 300 stocks), but now Yahoo happily populates
all my data. Each of these smaller files
of 100 takes about 15 seconds. I can get
Yahoo Finance data for all of my 3,000 stock symbols in about 30 minutes.
StockEvaluator “Short List”
Stocks on the ‘Short List’ this week are: MIL, BFK, BNA, RCII, DSU
Stock Evaluator “Volatility Sort”
Stocks on the ‘Volatility Sort’ this week are
are: EZPW, QCCO, SDR, IRDM
MutualFundEvaluator “Short List” shows funds that are within 3% of
their 52 week low AND have less than 3 Red cells. This week’s list has 32 funds. All except 1 are Bond funds, which are all
still 3 to 5% above their lows from 2006 to 2008 before The FED dropped interest
rates to bring the U.S.
out of the recession. When interest
rates go down, bond prices go up, and when interest rates go up, bond prices go
down. These bond funds only pay a 3 to
4% annual dividend and I think they will go down another 3 to 4% when The FED
finally lets interest rates go back to historic levels. I will continue to wait before buying any
bond funds because I will lose a whole year’s worth of interest if I buy back
in too soon. For example, PRGMX closed
this week at $9.58, down from 2011 high of $10.22, but still 4% above 2007 low
of $9.14. My target buy price for PRGMX
is $9.35.
Here is the 10 year chart for PRGMX that shows
these price ranges:
Watching the interest rate on 10 year treasury
notes gives another hint of when these bond fund prices will get back to
normal. As this interest rate comes back
up, the prices of these bond mutual funds will go down. The interest rate on 10 year treasury notes
closed this week at 2.71%, up from 2012 low of 1.50%, but way below 2006 - 2007
highs of 5.2%. My minimum target for 10
year interest rates is 3.5% before I will be ready to buy back into bond mutual
funds.
Here is a chart showing interest rates over
the past 13 years for 10 year treasury notes:
Next Monthly Meeting 2nd Tuesday of every Month:
Tuesday, December 10, 2013 , 7:30 PM at my
house.
Here are my Stock BUYs for This Week:
Buy Company Buy
Date Bought Price
Target Sell
----- --------- ----- ------------
none
Here are my Stock SELLs for This Week:
Sell Company Sell Buy
Buy
Date
Sold
Price Price Date
----- --------- ------- ------- ------------
none
Here are my Option (CALL or PUT) Sells for Last Week:
I only do Covered CALLs or Cash Secured PUTs
Option
Sell Stock
Strike Expiration Option
Type
Date Symbol Price Date
Price
------
------ -------- ------ ---------- --------
none
StockEvaluator and Mutual FundEvaluator spreadsheets are available
for download at www.ultimatestockfinder.com
Please remember to send me any other
investing ideas, information or questions that you want to share with the group.
Thanks,
John D.
Disclosure: The author has no positions in any of the
stocks or mutual funds mentioned in this article unless clearly stated above. We
certify that except as cited herein, this is our work product. We received no
compensation or other inducement from any party to produce this article. Please see our full legal disclaimer at: http://www.ultimatestockfinder.com/stockevaluator_disclaimer.html
______________________________________________
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