The Bond Peril January 3, 2013 Dear Investor: There are still many undervalued sectors in the stock market. From Japanese equities to Euro shares to good old-fashioned domestic dividend-payers, there are so many stocks trading at reasonable valuations that it’s hard to choose. Aside from the homebuilders – which I sold all remaining positions of yesterday – most stocks trade at free cash flow yields exceeding 6%. The homebuilders, however, are...