Nikkei Up 26% Since Tuesday

With three straight days of gains (that's right, gains!), Japan's Nikkei 225 Index is up 26% since Tuesday. The current three-day run is the strongest since 1970. But even after this monstrous rally, the Nikkei is still 3% below the level it closed at nine days ago, and since the start of the second half, it is still down 33.0%.