I don't know, but I suspect his vino, while costing him 10x as much as mine, is leading him towards somewhat more foolish investments. Plus, he's consistently 24 months behind in his basic realization of things:
At no other time in the history of this country did savings fall as far below zero pct of income
This time is different, for one unemployment is only 6.1%. If it goes to 8%, it will still be significantly less than the depression. I know he is slogging away with the day trading and it looks like hell, but step back, look at the long term picture and realize it has to go back up again. If it doesn't, we're in for a lot bigger problems than "my retirement account went down"