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The world's biggest wealth manager says it's time to sell stocks

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The world's biggest wealth manager says it's time to sell stocks. 'Over this next six-month period, we think it could be a rockier road for equities,' UBS Wealth Management Chief Investment Officer Mark Haefele says.

For the first time since the eurozone crisis, the world's biggest wealth manager is bearish on stocks.In a note to investors, UBS Wealth Management Chief Investment Officer Mark Haefele said that the group, which manages more than $2.4 trillion, has shifted to an"underweight" recommendation on equities.

Watch this space: The leaders of Corporate America are also selling stocks, my CNN Business colleague Matt Egan reports from New York.Corporate insiders have sold an average of $600 million in stocks per day in August, according to TrimTabs Investment Research, which tracks stock market liquidity. August is on track to the be the fifth month of the year in which insider selling tops $10 billion.

 

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True! Buy gold/silver bullion!!!

But the economy is doing great!!!!

Analysts have successfully predicted 198 of the last 3 recessions

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