DJIA In 4th Longest Bull Market Since 1900 - UBS: Sell Stocks, Buy Gold!

Bear markets are defined by a market decline of 20% and more. It’s a fact that since its March 2009 low, with 82 months and a performance of 220%, the DJIA now trades in its 4th longest and 5th strongest bull market since 1900. So from this angle alone we suggest the 2009 bull cycle has reached a mature stage [...] since 1937 the average downside in a 7-year cycle decline was 34%. 

[...] As of 2017, gold could profit from the US dollar moving in a major top and starting a bear market [...] In 2015, the bounce in gold was weaker than expected. However, in all these cases we made it clear that we just expect a bear market rally before resuming its dominant cyclical bear trend. Generally, our cyclical roadmap and our long-term call on gold of the last few years has not changed. A potential bottom in 2016 bottom could be a rather powerful bottom, since together with a four-year cycle low we have also an eight-year cycle low projection for this year. In this context we expect a potential 2016 low in gold to be the basis of a new multi-year bull market. Source: UBS (Jan 06, 2016)

Contrarian Riddle

The one sentiment reading that is NOT contrarian just turned bearish
(above 50 = bullish, below = bearish) ...
Source: Market Vane via ‏@Not_Jim_Cramer

... while FT covers like this one reliably show up
when market bottoms are close-by or already in.