The stochastic nature of the mass extinction model of Rampino and Stothers (1984), based on the vertical oscillation of the solar system about the plane of the Galaxy, can accommodate a few events with large phase discrepancies. The degree of modulation is crucial in that it depends on the scale height of the population of molecular clouds relative to the amplitude of the solar system and tends to zero if this ratio is large and encounters are entirely random. Here data are presented here from CO surveys of molecular clouds both within and beyond the solar circle which permit explicit calculation of the strength of the modulation. The cloud layer near the sun it too extended and, as a consequence, the modulation of cloud encounters is too weak for a statistically significant period to be extracted from the nine extinctions analyzed by Rampino and Stothers.