An interesting article in today's National Post provides some food for thought. The process that took place over the weekend would normally take months to evolve. Bear would have been on the auction block and potential bidders would have taken a close look at what was for sale before coming up with a price. Rivals would be able to bid against JP at this stage if they were willing to pay a break fee. The stock closed yesterday above $4 per share, indicating that buyers aren't convinced that the JP deal is final. The Bear shareholders will have to vote to accept the $2 offer. Major shareholders are already saying they won't accept. Bear stock was at $170 a year ago and close to $40 a week or so ago. It appears that the fat lady hasn't even begun to warm up let alone sing.