With the quick access we have to information, the temptation is to overemphasize one number, every jiggle.

A lot of people think wars lead to pessimism and gloom and doom. But the stock market has usually rallied.

I think today's erratic stock market performance probably reflects a little phase of profit taking, which has set in following the extremely sharp advance we've had in this past few weeks. Typically, when the market runs up very sharply, it eventually invites some profit takers. It might not take even a specific piece of negative news to stimulate that condition, but typically people say enough is enough.

We only got the report from the French laboratory. Our information about Lance Armstrong came from the sport newspaper L'Equipe.

That's great historical information, and it also has provided, on the record, some modicum of protection.

Instead of the board and management attempting to rebuild trust with members and be forthcoming with information about the conversion attempt, they are running scared by using fear tactics and trying to shift the focus and blame on anyone else they can.