Meredith Whitney on 60 Minutes: Expect 50+ muni bond defaults in 2011

Undervalued Opportunities portfolio manager Eric Steiman on why he likes gold.

Stock markets are not particularly adept at pricing in geopolitical risks as compared to their commodity and fixed income counterparts. At some point, if the situation in the Gulf fails to improve, we will all need to reckon with its effects upon stock valuations.

The Consumer Price Index climbed 4 percent in the year through May, well below the recent peak of 9.1% last June and down from April’s 4.9% increase.