MARK SPIEGEL: We really do perform a function that smooths out the excesses of the market, but you know, it's like if your best friend was in love with a woman, is going to marry her, he doesn't want to hear that there's something wrong with her. That hey, she was a high priced call girl before you fell in love with her. He doesn't want to hear that. And that's the kind of the way it is with people who are long stocks. They don't want to hear their stock was a hooker.