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.

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Conference Calls: Like Catching a Snake in the Grass

Financial entities now seem hard at work inflating earnings via some largely undisclosed version of (problem?) securities sales, and ratcheting up “fees” to customers. Of course my suspicion is that these transactions are conducted with Enron style off-balance sheet entities, or quasi-related hedge fund operators. But, we aren’t going to get even close to […]

Reality Food for Thought

“Carl Jung, remarked that “people cannot stand too much reality.” . How true, but we’ve now reached a new threshold in America, people can’t stand ANY reality.
-Wal Mart today said sales at established U.S. stores rose an estimated 0.5%, far off the 2-to-4% gain the company originally forecast for October. Brazil Americans […]

Stay Calm, All is Well?

Stay calm, all is well. – Kevin Bacon, Animal House
The market acts not just calm/well, but absolutely comatose. To measure just how much so, I’m running two charts courtesy of Contrary Investor. If you are a CI sub, make sure you read their Thursday commentary. The charts speak for themselves. VIX, or […]

Doctoring

Have been scanning the conference call archives, and Monster comments on US job market. Clearly the sickness industry perp is a key driver, as is financial paper shuffling. Takes intelligent personnel to doctor diabetics and financial Ponzi scams.
Mark Stoever: The unemployment rate in North America is clearly at relative lows to historical patterns and there are sectors within that, […]

Treasury Talk

Liquidity Moves Markets – Follow The Money!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity Trader tracks and analyzes the…

Dinosaur Sightings?

Is the urban commercial sprawl game on it’s last legs? Are the purveyors of this strategy waking up to the future realities. Opponents of urban and town edge commercial megastore development put their arguments succinctly as:
The 10 sins of retail sprawl
* It destroys the economic and environmental value of land
* It encourages an inefficient land-use […]

Earnings, Confidence, and Boxes

Liquidity Moves Markets – Follow The Money!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity Trader tracks and analyzes the…

The Easy Button / Pent Up Supply

Liquidity Moves Markets – Follow The Money!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity Trader tracks and analyzes the…