Camarda Financial Advisors, LLC

FLEMING ISLAND, FL - Camarda Financial Advisors, Inc., a Southeast regional fee-only investments manager, today publicly released a new Chairman’s Communiqué:

Barron's Bits
From the Saturday paper, 1-2-10

• Abelson, after squandering a good chunk of his column lambasting the Feds for the failings permitting the Christmas Day near-bombing, reminds us what a spectacular year 2009 was for stocks. Russia's +128%, Brazil's +83%, and China and India's neck and neck +80% and +81% performance led the emerging markets, all dwarfing the first world's relatively "meager" rise (Germany, UK, and France…don't ask about poor Japan!) in the S&P's 23% range. Abe uses these numbers to beat his attached-at-the-hip bearskin drum, predicting (as he has as long as I've read him) endless gloom-and-doom for the markets. I am more optimistic.
• Santoli, in "Bullish Tidings for 2010," implies that the New Year might produce returns in the 20% range, based on past-year modeling and trading patterns in late December of 2009. While I find him easier to swallow than Abe, I am yet more optimistic even than this…20% still won't take the average investor (this should not apply to Camarda clients) to breakeven from the peak in October of 2007. I think this new bull has a long, long way to go, yet.
• This week, Barron's is bullish on Chevron and bearish on Walter Energy, a coal miner.
• Magic Clouds The cover feature fairly gushes on the future of "cloud" computing, whereby many functions such as processing, memory, and so on occur not on the computer in your lap or on the desk with you, but rather on remote machines scattered across the internet – or in "the cloud." Long the stuff of science fiction, and yet-to-be-solved security issues aside, cloud computing should represent a quantum leap in technology's utility for humans – the second wave of the Information Revolution, as it were. It also forebodes a sea change in the IT business model – from selling machines and programs to renting services and infrastructure in the cloud. This transition will make it hard to initially separate winners from losers, as most big players have their feet firmly planted in the old model, and are just now poking their heads into the cloud. One pure play – salesforce.com (CRM – up 570% since the '04 IPO) - who pioneered the model may be worth study for those drawn to the wisps above.

A note on Barron's investment tips – while we hold the paper in extreme high regard, we are not recommending that you trade on this data. We merely report what they say, and do not deeply research most of it, though we use the material as one of many basic data feeds in our overall portfolio management process (mostly for economic and markets trends information).

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These communications are written for Camarda clients and those on its priority email list, then released to the public after priority dissemination.

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Camarda Financial utilizes the trademarked ISIS® investment process, invented by Chairman Jeff Camarda, CFP, ChFC, CLU, CFA, CFS, BCM, and is based in Jacksonville, Florida.

Important Information – Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment strategy or product made reference to directly or indirectly in the communique will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or position. Moreover, you should not assume that any discussion or information contained in this communique serves as the receipt of, or as a substitute for, personalized investment advice from Camarda Financial Advisors, Inc. (“Camarda”).

Clients are reminded to contact Camarda if there are any changes in your financial situation or investment objectives, or if you wish to impose, add or modify any reasonable restrictions to our investment management services. A copy of our current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. To the extent that a reader has any questions regarding the applicability of any specific issues discussed above to his/her individual situation, he/she is encouraged to consult with a professional advisor of his/her choosing.