A Disturbing Warning From UBS: "Buy Gold" Because A 30% Bear Market Is Coming

As Wall Street axioms (Santa rally, January effect, as goes January etc.) are rapidly falling by the wayside at the start of 2016, following a chaotic but return-less 2015, the UBS analysts who correctly forecast last year's volatility are out with their forecast for 2016. It's simple - Sell Stocks, Buy Gold.

UBS Technical Analysts Michael Riesner and Marc Müller warn the seven-year cycle in equities is rolling over.

UBS expects S&P 500 to move into a 2Q top and fall into a full size bear market, with risk of a 20% to 30% correction into minimum later 2016 and worst case early 2017 .... http://www.zerohedge.com