TIMBERRRR!

Let me be the first to go on record stating that the markets are due to fall very shortly, for several reasons. For one, tomorrow marks the full moon which typically commences the sell-off.

This sell-off is confirmed today with the news that Bank of America reported a 3Q loss and the firing of more than 3,000 employees. Japanese financial powerhouse also reported a smaller loss, nontheless, it would worry Japanese investors and might start the autumn correction that investors had expected a few weeks earlier.

Bank of America isn't the only American firm to see substantial loss, Merrill Lynch reported huge 3Q losses and a downgrade from Moody's.

What does all of this mean? It means that these big financials will make the markets tumble and we'll see a correction. In a few weeks we'll have another buying opportunity that will push the markets substantially higher until a recession begins in 2008.

After the correction, precious metals stocks will soar.