Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, 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.

Stupidest Man Alive And More

by Lee Wheeler
Donald Luskin, the ANALyst who some critics call “the stupidest man alive,” is wildly bullish. Nothing new there. What’s odd is that he considers his bullishness a contrarian position.

He has a November column up at SmartMoney.com where he writes:
“I’m the only guy in the world who thinks the U.S. economy isn’t heading into […]

WSE Pro Precious Metals Update 11/21/06

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…

Leading Economic Noise

The Conference Board released the Leading Economic Indicators for October 2006 on November 20th. Here are the highlights: Follow the money. Find the profits!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…

Lessons Learned

by Lee Wheeler
A lot of bears scratch their heads at the action we’re seeing and say, “Didn’t these fools learn their lesson from 2000-2002?” You could turn the question around and deduce that the bulls learned their lessons well indeed. Not from 2000-2002, but from 1998-2000.

During that 1998-2000 period, the mo-mo bullz saw that valuation […]

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 […]