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.

Global Economic Trainwreck

This post is about the coming “Second Wave Down” in housing and the “Global Economic Trainwreck” that are both poised to happen. These themes will be will the topic of discussion with George Noory and I on Coast to Coast radio Wednesday November 8th, 2006 from 11:00 PM until 2:00AM PST. Late evening insomniacs can…

Election Eve Largess Stokes Rally – WSE Pro

Flush with government largess on election eve, the market rocketed higher on Monday. The Fed pumped in $10.75 billion with overnight repos. They conveniently had scheduled no expirations today. Last week, the Treasury announced a $25 billion debt paydown in the three year and 10 year note refunding, only half of which will stick around,…

WSE Pro Precious Metals Update 11/6/06

Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for…

Day of Reckoning

by Lee Adler I missed picking up on an important point during this weekend’s podcast. Russ Winter mentioned that revolving home equity was up $20 billion over the last quarter. Indeed, that’s what the Fed data on commercial banks (H8) shows. But the devil is in the details.

Wall Street Examiner Podcast

This weekend I had a little panel discussion with blogger Russ Winter, and analyst Steve Northwood. It’s served in three parts. Be sure to download and listen to all three. You can get them by clicking the link to Wall Street Examiner Radio at the top of the page, or here. Try the WSE Professional…

Bulls, Elephants, Jobs

MarketWatch is reporting October jobless rate at lowest rate in five years. Although U.S. nonfarm payrolls grew by a lower-than-expected 92,000 in October, this was not the entire picture. The unemployment rate fell to 4.4%, the lowest level since May 2001, the Labor Department reported Friday. Economists were expecting payroll growth of about 123,000, according…