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.

Let’s Get This Party Started – WSE Pro (Money)

The Fed added $3.37 billion to the liquidity pool on Monday, issuing $3.75 billion in overnight repos, against $2.25 billion in expirations, plus announcing an outright coupon purchase of $1.868 billion. This could be the first salvo in the Fed’s annual holiday pumpajam. Click here to download complete report in pdf format (Professional Edition Subscribers).…

A Deviant Market

Jeff Saut of Raymond “You Can Call Me Ray” James has an interesting Mohel chart today showing that risk-taking behavior in the market is a tad stretched—now nearly three standard deviations away from the norm of the past six years and, by far, more euphoric than any other time since 2000.

He adds: “Verily, since the […]

Housing Industry Employment

I came across an interesting graph of Housing Industry Employment in a Center for Economic and Policy Research (CEPR) PDF entitled Is the Housing Bubble Collapsing? 10 Economic Indicators to Watch. The article was written in June of 2006 so most of the data it was watching (home sales, home prices, etc) is now far…

The Sow Jones Fraudex

I saw an interesting chart on another blog today about the Dow and its CONponents. I covered this before (on the Capitalstool.com message boards), but the divergence is really one for the books. Not that it matters, of course. Purely an academic exercise.

No Newton’s Law For Stocks

Friday’s action kept the market pinned to the top of a minor trend channel, but data from cycle based stock screens indicated underlying weakening. Centered moving average projections remain slightly above current levels, but the deterioration in the screens suggests that a downturn may be just around the corner. Click here to download complete report…

Another Scam Week In The Books

by Lee Wheeler 
Another scamweek is in the books. For the record, the Spooz were green all five days last week for a +20 point gain.
Since August, the SPX has been green on 18 of the 20 days during scamweeks for a net gain of 75 points. In the 14 weeks since the Aug low of […]