So my father's broker is an idiot

[KurtNYC]

Told my father that Kerry's lead in the polls was hurting the market. My dad says "isn't oil a factor?" Broker: "yes but Kerry is against drilling."

He also sold my father out the Apple stock that I put him into (at $13/14) at $23 -- it has been at $33 recently.

It is funny how these people think of themselves as so fact driven and un-influenced by emotions then they buy into whatever reason feels good to their RW sensibilities. I rolled in and out of an index fund while they were impeaching Clinton. They would say 'oh this tape of Clinton testifying is going to come out tomorrow and he will have to resign' and the market would drop out like 200 points, so I buy and the tape come out and Clinton is fine. In fact he says at the end, (paraphrase) "we both know this tape will come out and you were trying to get me to say things on here" so the market goes right back up. Did this about 3 times.

Anyway I want some side bets on the current procedings with my dad's idiot broker. And I like DRE these days.

[PROGRESSIVE1]

1. Tell your Dad to pull his money from this SOB and put it somewhere...

else.

[Name removed]

2. Deleted message

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[yardwork]

3. Seriously. It sounds like you can advice your father better

Does the idiot broker think that the market will thrive when oil is $45 a barrel and up? What a moran!

[Nite Owl]

4. I've been off for a few days

doing other things and away from the market but a brief look at DRE seems a little bearish to me. If you can go short try BBH near 137. If it breaks up that could be another story but looks to be going back down about there with a target near 113's. Don't listen to a broker as the saying goes they will only make you broker. Most of the charts of the indices look nasty. Kerry will effect the market as there will be rotation into different sectors but not bring it down. Right now the market is uncertain of who is going to win that's why there is little buying, the market hates uncertainty and they don't care much either way who wins.

[BlueEyedSon]

5. Drilling in ANWR, for example, would supply only enough oil for

3 months based on current US consumption.

More drilling in US territories is not a viable long-term solution (it would however bring short-term profits to the companies that do the drilling and sell the oil....).