NYSE Euronext Stock Troubles

NYSE Euronext, under CEO John Thain's leadership, appears to be doing everything right -- trading in record numbers on the NYSE, expansion into European markets through Euronext, plans to acquire a US derivatives market soon.  So why is the stock price down 23% this year?  Perhaps the short-term costs of the expansion efforts are making investors nervous and not sufficiently appreciative of long-term gains speculates the Wall St. Journal.  WSJ, Win-Lose for the NYSE.