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, 1-9-10

• Santoli, harkens back to a recent column and the predictions of his "mystery forecaster" – the one (not me, though it could have been) who accurately predicted the 2007 market top and the March '09 bottom. These days, mystery man expects a nice early year pop from these levels, followed by a healthy (but we will feel like we're dying at the time) correction in the 10-% range, then a major rally continuing through the end of 2010. He also calls for a rising dollar and US stock out-performance over emerging markets, both of which sound like I'm singing to myself. Hope we're both right!
• Tax Alert Love it or hate it, the IRS is finally requiring brokerage houses to report tax basis and wash sale activity directly to the government; right now, investors alone are supposed to receive such notification, but sometimes do not and often do not save it. Standardized and more transparent reporting theoretically should ease the tax calculation burden for investors who often are confounded when trying to figure capital gains, but I see a lot of risk that IRS will improperly process the info and send out scads of angry letters demanding phantom taxes that will take eons to straighten out. In any event, we have been independently tracking adjusted basis data for Camarda Financial clients for a decade, and these reports may come in real handy if the IRS thinks it "knows" your basis, and starts demanding taxes you may not owe.

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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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”).

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