How to Protect Your Portfolio From the
Imminent Market Crash!
The global economy has entered a period of massive change like nothing you've ever seen.  
Find out how to make money in this difficult environment.

Plus - SAVE 50% ON THIS SPECIAL REPORT.  
See the special offer at the bottom of the page
Are You Ready?
Dear fellow investor,

My name is Chris Mallon, founder of the Undervalued Reports Company and editor of the Undervalued Weekly.  I have
followed the stock markets from high to low, and I've seen what happens when people don't protect their portfolios.  
Too many investors don't take defensive action until it's too late.  

That's why I've prepared this special report.  

Over the years, I've seen fellow investors lose big money because they weren't prepared for change.  I was a victim
myself, losing money in the great market crash of 2000.  I listened to the analysts talk about "the new economy" or "the
new era".  I believed in the mantra of buy and hold.  And I watched my portfolio shrink as the bear market took hold.

The bubble is back, and this time the crash will be even worse!

I was determined not to fall victim to faulty analysis and over-hyped stock markets.  I went back to school and got my
Master's Degree in Finance.  I worked hard, and studied the best investment minds out there.  There's one theme that
occurred over and over again:
you have to go against the crowd if you want to make money.     

In early 2000, most investors were convinced that stocks could only go up.  The media portrayed stocks as a no-lose
investment, and a lot of very smart people got sucked into buying stocks at outrageous prices.  But the smart money bet
against the crowd in 2000, making millions as the markets tanked.

Warren Buffett, the greatest investor of all time, refused to invest in the 90's technology bubble.  He said he couldn't
understand the companies, and couldn't justify their values.  The major media outlets ridiculed him for this, saying he
was washed up and out of touch.  Yet when the markets crashed, Buffett's portfolio was preserved, because he trusted
himself and stayed away from the crowd.  

The destructive policies of the Federal Reserve have re-inflated the bubble.  The economic situation in the US today is
worse than 2000, but no one is paying attention.  Stocks are up, and people are finally getting back some of the money
they lost during the bear market.  They don't want to hear about rising deficits, a falling dollar, or any other economic
warning signs.  

The Bear Market never really ended!

It just took a breather.  The rising stock market in 2003 was the product of a credit-induced bubble.  The Feds are
inflating the money supply, hoping they can jump-start the economy.  But all they've done is make things worse.  The
American consumer is up to his eyeballs in debt, unemployment is still high, and the Feds are borrowing money like
there's no tomorrow.

If you're a subscriber to the Undervalued Weekly, you'll know that I follow the US economy closely.  Frankly, what I
see scares me.  There are trouble signs everywhere you look, and the resumption of the bear market is just around the
corner.

Here are just a few of the danger indicators...

*  The US economy is losing thousands of jobs every month to low wage countries like China and India.  

*  The price of gold has risen 68% from its lows in 2001.  Gold only rises during inflationary periods, often
before the inflation becomes apparent.

*  The Euro has risen nearly 60% against the dollar since 2001, providing further evidence that the US dollar is
in trouble.

*  The US money supply ballooned 20% in just two years, re-inflating the great stock market bubble.

*  The Federal government is going to run the largest budget deficit in history during 2004.  

*  The US has a balance of trade deficit that requires more than 80% of the world's savings be reinvested in the
United States.  Yet economists are ignoring the fact that foreign nations are cutting back their investment in
the US.

*  US consumer debt is at it's highest levels ever.

*  By all historical standards, the major stock indexes are trading at astronomical price levels.  The S&P trades
at 30 times earnings, and only bear markets start from these heights.

*  Market volatility is at multi-year lows.  The last time it was this low: just prior to the crash of 2000.


The world's greatest investors are running for cover...

*  Warren Buffett announced that for the first time in history, he's made major investments in foreign currencies.  He
believes it's dangerous to hold dollars, and he's put his money where his mouth is.

*  Jim Rogers is convinced that the US economy is on an inflationary path, and he's advising people to buy commodities
and precious metals for profit.  He's so sure of this that he started his own commodities fund for wealthy investors.

*  Dr. Marc Faber, the world-renowned investment advisor, has written a book detailing the troubles facing the world
economy, and makes the case for investing defensively in securities that will benefit from this changing world.

All the data points to an impending crisis.  The smartest investment minds in the world are convinced of it.  

Yet the stock markets are mindlessly ignorant of it.  Stocks continue soaring to new highs and investors are full of faith
and hope that their investments will make them rich.  
They're going to be sorry when it all crashes down again.

But you don't have to be sorry.  There are ways to profit from economic troubles and falling stock markets.  Four For
'04 shows you how.  Through careful research and analysis, I've identified four investments for 2004 that will provide
stability in your portfolio when trouble arises.

The Four For '04 are...

The Inflation Hedge - an investment that allows you to participate in the gold bull market without
the risk of mining companies or the added cost of storing bullion.  This investment is as good as gold,
and the only way US investors can invest in paper gold.

The Falling Dollar Hedge - this investment will earn huge profits from a weakening greenback.  
I'll show you easy ways to own it that few people know about.

The Defensive Equity - a company providing a steady dividend with products that do well in poor
economic environments.  This stock was profitable in 2003, and is set for even bigger gains in 2004.

The Undervalued Equity - a company that's taken a beating in the market, but is poised for a
comeback.  This stock will double in value quickly, and you can buy it now for a fraction of its true
value.
 

Don't be caught without these defensive investments in your portfolio.  You may not know when things will go bad, but
you can be prepared when they do.  You'll find out how to own the investments that the world's richest investors are
holding right now.

Here are just a few of the benefits you get with Four For '04:

* Each investment comes with a detailed analysis of risk and opportunity.  I don't just give you four stock picks; I
tell you why they're great investments
.

* I give you target prices for both buying and selling, so that you can
lock in profits.  

* You'll get the intrinsic value of each investment, calculated by my unique method of discounted cash flows that
propelled the Dynamic Investors' portfolio to a 29% gain in 2003.

* I show you detailed financial data so that you'll know what I know.

* You get historical ratio analysis that
shows you why now is the optimal time to buy.

* Each investment comes with a concise description so that you're not just trading stocks,
you're buying
businesses you understand
.

All this comes in a 15 page PDF document for easy printing and reading.  I guarantee you won't be disappointed with
this report.

I have a record of success...

In 2003, my investment partnership - The Dynamic Investors- earned 29%, beating both the Dow and the S&P 500.  

In the second half of 2003, I made three recommendations to the subscribers of the Undervalued Investment Report.  To
date, the combined return on these recommendations is 18%, compared to only a 14.5% return on the S&P.  Two of the
three recommendations beat the market handily, with Coinstar up 34% and the other up 22%.  I can't tell you the other,
because its one of the
Four For '04.

Your satisfaction is guaranteed!

And of course, your satisfaction is guaranteed.  If for any reason you're unhappy with Four For '04 - The Undervalued
Reports Company's Guide to Defensive Investments for 2004
, let me know within 30 days of purchase, and I'll refund
every cent.  That's my promise to you.

Sincerely,
Christopher M. Mallon
PS. - Don't let a falling stock market take your investment dollars with it.  Get Four For '04 - The Undervalued Reports
Company's Guide to Defensive Investments for 2004
today, and protect your hard earned money.
Four For '04 - The Undervalued Reports Company's
Guide to Defensive Investments for 2004