A lot of speculative excess is being blown out of this market here. It was long overdue, and finally a little more sanity is prevailing here right now.

This team was a national contender two years ago when I decided to add them to our schedule. Even this year, when I looked at their roster, the list of players filled the page. I can't believe they only had an eight-player roster.

I was beginning to wonder.

Let's do what's right for the kids. Let's put them in the right situation and the teachers in the right situation to educate them.

The fundamentals are very strong for all these (equities). They're still generating a ton of cash flow. The mining, energy, gold names, they are all in great shape. But you get this speculative excess and it's really time for a re-rating of this.

You should have seen it in here Thursday. The players drove me up a wall. We were supposed to have a shoot-around, but I had an office full of 12 young ladies. We were busy e-mailing professors and getting things ready.