Ahead of The Trend with Lee Adler
February 12, 2005
Lee Adler is the founder, editor-in-chief, and publisher of the Wall Street Examiner. He has been a website publisher for seven years, and has published financial websites and newsletters for the last four years, following a career on Wall Street and in the commercial real estate industry.
In addition to editing and publishing the Wall Street Examiner, Lee runs a day trading timing service, plus three stock market message boards for segmented for swing traders, hard core permabears, as well as bulls, a real estate message board, and a real estate and demographic information site covering the state of Florida. He also publishes the Wall Street Examiner Professional Edition, an investment newsletter geared toward investment professionals as well as sophisticated individual investors.
Lee has some 40 years of experience as a chartist and technical analyst, beginning as a youngster with point and figure charts in the great bull market of the 1960s. In the 1970s he was a trader and retail stockbroker, cutting his teeth in the business in one of history's great secular bear markets. In the early 1980s, as a trader and institutional technical analyst for several regional Wall Street firms, he was one of the first to use computerized PC-based technical analysis.
He returned to his native Philadelphia in 1983 where he worked in the real estate and mortgage industry until the collapse of the mortgage market in 1987. In 1987, Lee moved to Florida, and began his career as a commercial real estate analyst, in which he continued until 2000 when he created the predecessor publication to the Wall Street Examiner Professional Edition.
Lee appraised commercial properties, performing market studies on major residential and commercial developments throughout Florida for 15 years. During the 18 year period he worked in the real estate and mortgage industry, he experienced first hand the blowoff, and then the collapse of the 1980s commercial real estate bubble. In the real estate depression which followed, Lee performed numerous studies on behalf of the Resolution Trust Corporation and the FDIC, as well as REITs, banks, government agencies, investment firms, and vulture funds.
During the period in which he was away from direct participation in the financial markets he continued to follow them closely. Being a bear in the late 1990's he recognized an opportunity to use the internet to cut through the bullish cacophony to dispense a common sense message using a combination of humor, satire, and serious analysis. In 2000 he launched the wildly irreverent yet seriously analytical website, Capitalstool.com for which he is now either lauded by the bear community, or loathed by the bulls. Capitalstool.com is today one of the most active niche financial message board sites on the web. The site attracted a community of brilliant thinkers and writers, some of whom now form the core of the new Wall Street.