The Bunker Portfolio

If the turmoil gripping the Middle Eastand the stock marketworsens, these savvy mutual funds should still hold up under fire. But diversification remains a smart strategy in any climate

Tension is high in the Middle East, and so are blood-pressure levels on Wall Street. Oil prices touched an all-time record of $78.40 on July 14 amid escalating violence in Israel and Lebanon, as major indexes ended the week with three straight days of heavy losses (see BusinessWeek.com, 7/14/06, "Stocks Slide as Global Worries Persist"). Geopolitical trouble-spots Iran, North Korea, and Iraq continue to simmer while fears of inflation or recession unsettle the home front.

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