So I tried setting up the site locally, I have ruby 1.9.3, I have rake and bundler installed, but when running "rake setup" I keep getting:

/Users/adamw/.rvm/rubies/ruby-1.9.3-p194/lib/ruby/site_ruby/1.9.1/rubygems/dependency.rb:247:in `to_specs': Could not find rake (>= 0) amongst (long list w/o rake)

Is it something common?