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.

Consumer Credit Plunges

I have been waiting for the consumer to cave in for many months now. Given past reversals in consumer spending one must question if the latest downturn is the real deal or just another outlier. In case you are wondering what I am talking about….. Here goes: MarketWatch is reporting U.S. consumer credit down by…

Dead In The Water- WSE Pro- Real Estate

In spite of the recent mini-recovery in refis, purchase mortgage activity remains in the downtrend it has been in since June 2005. The refi recovery has been minimal considering the decline in both fixed and adjustable rate mortgages since the June peak in mortgage rates. Home sales are down and dead in the water. Click…

Publication Note

Due to the passing of a dear cousin this week in New York, I will be away from the office from Friday through Monday. The Professional Edition will not be published Friday or Monday. Publication will resume Tuesday afternoon or evening. Thanks for your support. Lee

WSE Pro Precious Metals Update 11/9/06

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…

Focus on California’s Bust

It’s reality check time in California as a series of data points are being released that suggest the obvious, a real estate related job Bust is well underway. First, Southern California recorded 14,216 single-family starts during the third quarter of 2006, a 17 percent decline from the previous quarter. Adjust the 2Q chart below accordingly. […]

Post Election Panic

The Fed must have panicked today when they saw the election results. They pumped in another $7.5 billion unanswered by any expirations. They probably didn’t need to. Recognizing that fact tomorrow, and facing a ridiculous $23 billion in repo rollovers from the election week jam, they are likely to start pulling in some of that…