Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today.

Wall Street Journal Regurgitates Misleading Government Data on Durable Goods

Durable Goods Orders - Click to enlarge

The Wall Street Journal today dutifully reported the Commerce Department’s seasonally adjusted data on Durable Goods orders in July, proclaiming: U.S. Durable-Goods Orders Rebounded in July, Jumping 4.4% However, the actual, not seasonally adjusted data tells another story. It’s easy to actual data to tell if the momentum of the business is gaining or losing…

The Daily Data Dive: Here’s Why Existing Home Sales Are In Unsustainable Path

Existing Home Prices and Volume - Click to enlarge

The NAR reported a decline of 3.2% in existing home sales in July. This was the seasonally adjusted fudgepack number. It prompted the Dow Jones flagship Wall Street Journal to trumpet: U.S. Existing Home Sales Fall for First Time Since February I prefer to look at the actual data, using the annual rate of change…

The post Here’s Why Existing Home Sales Are In Unsustainable Path was originally published at The Wall Street Examiner. Follow the money!

The Daily Data Dive: Is Oil “Bull” For Real?

Crude Bull Markets - Click to enlarge

According to Dow Jones Marketwatch, “Oil prices officially charged into a bull market Thursday…” That’s since bottoming on August 2. Here we are less than 2 weeks after the declaration of an “official” bear market in crude, we now have an official bull market. Apparently, major trends move with lightning speed these days. A gain of…