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:

We interrupt the long stream of Barron's Bits to give you some insight on the recent market turbulence. The near 5% "plunge" in a mere week's time – shaking the confidence of pundits and the investing public alike – is logically inexplicable, coming on the heels of generally good economic data and very bullish early January trading patterns. The media widely attributes the market's recent instability to the Massachusetts Surprise and Washington's leaders' political reactions to the suddenly shifting sands of power, particularly concerning proposed constraints on the banking sector and the blinding evaporation of support for Chairman Ben's continued tenure. Both these last – bumping Bernanke and bridling the banks – present real risk to the nascent recovery and hence to near-term market prospects, which ride nothing if not perceptions of what the future will bring. If they do come to pass, I think the timing will prove to be inexcusably naive from an economic control perspective. The crownpiece was the week's Supreme Court decision on corporate politicking, which has fanned the flames with a gasoline fire hose.

Still, my intuitive take is that all this is just noise in the numbers. The market has been due for a mild correction for some time, and a temporary sell off was inevitable – even necessary – widely predicted, even by me, and will probably continue for at least a little while. People need to find meaning – and usually impose meaning – on patterns that generally prove meaningless, or at least are beyond our ability to understand and quantify. So we say the market dropped because of this or that, but in the end, we not only don't know what has caused it, but we don't even know what we think we see.

In a month's time, I think we will look back on the week's drop and see only a minor blip in a generally bullish trend, and a buying opportunity that investors either did or did not jump on.

I urge you to ignore the rhetoric and jump, if you can.

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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”).

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