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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: KeepItSimple who wrote (83273)3/21/2001 2:23:15 AM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
<<what the hell is going on? is this the largest tape painting job in history?>>

In a word, yes. Here's the best explanation I've come across:

quote.bloomberg.com

Tokyo, March 21 (Bloomberg) -- Japan's key stock indexes staged their biggest rallies since November 1997 as investors said government-related funds such as postal savings waded into the market to support share prices.

``It's got to be some public pension funds buying to prop up the market,'' said Satoru Sakumoto, associate director at Barclays Capital Japan Ltd. ``Who else would have money to buy this aggressively?''

Edit: doesn't seem to be rubbing off on Europe, however. Frenchies are getting fried:

finance.yahoo.com^fchi&d=b
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