FT: Prime suspects in the great equity buy up

The rebound seen this year in stockmarkets around the world has defied the anaemic economic recovery that is emerging in some western economies, while latest figures have shown that the UK is still in recession, although those figures will probably be revised favourably. So what has fuelled the recent rises stock markets have experienced? The first thing to note is that trading levels on markets has actually been very thin, so an excess of buyers or sellers can cause disproportionate movements in prices.