Had the takeover been at $33 instead of $2 would the market be down much tonight if at all? I think the $2 takeover price startled the market. But if you think about it, the takeover price is pretty irrelevant except for BSC and JPM. JPM is getting a better deal than people expected. BSC a worse one. If it is true that had the deal been done at $33 that the market would be stable tonight, then all the selling is quite irrational and will be reversed at a later. BSC just as much a gonner tonight as on friday.