UBS Warns Everything Is Overpriced, Prepares For Sell-Off

``When the largest player in the wealth management industry warns that all asset classes are overpriced and too risky and that it's time to reduce exposure across the "full spectrum of assets," and if in fact it starts selling some of its $1.7 trillion in wealth management assets in a market that is already lacking liquidity -- that act in itself can trigger the very sell-off it is warning about. So fasten your seatbelts.''