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Michicon, Stocks and Housing

I like correlation charts. They often tell a story about how certain economic series relate to the stock market, and to one another, often leading to the age old chicken-egg question. One thing is for sure. The stock market is not a leading indicator.

I ran a couple of correlations this morning between the Michigan Con, aka the Michicon, stock prices, and housing prices. Here’s what came out the other end. First a longer view, then I’ll zoom in.

Liquidity moves markets!

Follow the money. Find the profits! 

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I’ll add some comments about what I noticed later. I’ll give you first shot.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? 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. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here.