Conincidently the run up was following the release of the results from Tiffany & Co.
http://www.bloomberg.com/news/2011-03-21/stock-index-futures-rise-as-japan-nuclear-crisis-eases-aig-hartford-gain.html
By Rita Nazareth and Lu Wang - Mar 22, 2011
"Tiffany & Co. (TIF) climbed 5.1 percent to $60.22. The world?s second-largest luxury jewelry retailer reported a 29 percent gain in fourth-quarter profit as sales exceeded analyst estimates during the holiday season."
So the share price is just adjusting to reflect the dividend. Next move will be a return to market fundamentals.
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