>>>This is what you get for following it every day, Jake. It is back up to 10,585.
>>>
>>>Maybe it will drop back down to 8000. That would be 25% below its current level. Keep on the sunny side, walk on the sunny side of life.
>>
>>Who cares? It's all imaginary money.
>
>Very true, except somehow the losers seem to be able to disrupt the entire financial structure of the country and beyond.
>
>It is fairly amusing to listen to people make bold predictions and spout formulas about how the markets will perform.
>
>If they ever made enough money by their gambling (that's all it is) then when they post a big loss they whine for a bailout.

You're so right. If only those gamblers who make predictions (oil in 1998, BP, today's downturn) could figure out a formula (technicals) which could allow us to profit (oil puts, BP stock, etf puts). I'm quite amused today. ;)