Don McAlvany(1), editor of the McAlvany Intelligence Advisor, returned to the show to share his financial forecast. He stressed that its time to get out of the stock market, which he said he was propped up because of the election. Stocks are still "massively overpriced," he commented, and they will begin a steady decline by the first or second quarter of 2005, eventually losing perhaps 70% of their current value.
The real estate market is also headed towards a downtick, McAlvany warned, saying that in most areas there will be a 10-40% drop in prices. Millions of people that are heavily leveraged are going to be badly hurt in this new economic cycle, he predicted.
Among his survival tips: Eliminate credit card debt, build savings, reduce real estate to 25% of assets and check the financial strength of your banking institution. His suggested breakdown of investments is as follows:

• 35%-- gold and silver coins
• 15%--high quality gold stocks (defense stocks also a possibility)
• 25%-- short term US treasury bills
• 25%-- foreign government bonds

1. http://www.mcalvany.com/

Uranian Cloud Photos

New images of Uranus taken by the Keck Telescope reveal diverse cloud structures that were not previously seen. In the planet's northern hemisphere an 18,000-mile-long complex of clouds was observed dissipating over the span of a month. View(1) a larger image or read(2) more about the discovery.

1. http://space.com/php/multimedia/imagedisplay/img_display.php?pic=041110_uranus_images_02.jpg&cap=The+two+sides+of+the+planet+Uranus%2C+as+viewed+in+this+composite+image+by+the+Keck+II+Telescope+at+near+infrared+wavelengths.+Credit%3A+Lawrence+Sromovsky%2C+UW-Madison
2. http://space.com/scienceastronomy/uranus_images_041110.html

Bumper Music

Bumper music from Wednesday November 10, 2004