U.S. Stocks Fall on Draghi Comments, Earnings Reports

By: Nikolaj Gammeltoft, Leslie Picker and Sarah Pringle, February 07, 2013

“There’s concern that Europe will implode,” Jeff Sica, president and chief investment officer at Morristown, NJ-based SICA Wealth Management, said in a phone interview. “Investors are worried about what the contagion effect is going to be on the U.S. economy.”

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Bloomberg News

Jeffrey C. Sica is the President and Chief Investment Officer of Sica Wealth Management, LLC (“SWM”), an SEC registered investment adviser that maintains a principal place of business in the State of New Jersey. The information presented herein may not be suitable for all investors, and no portion of this commentary is to be construed as a solicitation to buy or sell a security, or the rendering of personalized investment, tax or legal advice. Past performance does not guarantee future results, as there can be no assurance the views and opinions expressed herein will come to pass. Investing involves risk, including the potential loss of principal. Please consult a financial professional prior to investing.