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Error while installing devstack on Ubuntu 12.04

I followed the instructions listed here: http://devstack.org/guides/single-vm.html

and ran ./stack.sh but it gives the following error:

+ cd /opt/stack/horizon
+ python setup.py egg_info
python: can't open file 'setup.py': [Errno 2] No such file or directory
+ sudo HTTP_PROXY= HTTPS_PROXY= NO_PROXY= python setup.py develop
python: can't open file 'setup.py': [Errno 2] No such file or directory
++ failed
++ local r=2
+++ jobs -p
++ kill
++ set +o xtrace