Jeff Sica posted a new Blog, “How Soon Is Now?” on FORBES, where he discusses the continuing deterioration of the market:
“The centre of the markets is, and has been government and central bank manipulation of interest rates, European central bank, and the Federal Reserve. Any remedy offered by the centre will create greater collapse and will not hold. What the centre has attempted to do was control sentiment manipulating investors into believing that they had things under control. One characteristic of life and disfunction is, the more you try to control something, the more out of control it becomes. Ask any addict how controlling addiction is working out for them. This market is addicted to centre manipulation or stimulus.”
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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.