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.

The PPI, Gold, and Dr. Copper

On November 14 the BLS released the Producer Price Indexes for October 2006. Weak September data was followed up by even weaker October data. PPI Highlights Prices for light motor trucks fell 9.7 percent following a 3.5-percent gain in September. For 12 months ending October 2006 the index for light motor trucks fell 12.4% Passenger…

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. […]