why are the people celebrating in the streets?
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The people are celebrating Caesar's victory.
The people on the street are celbrating Caesar's victory over his rival Pompey. Along with this they are also celebrating the festival of Luprecalia, a festival in honor of Roman god Luprecuos, patron of agriculture and protector of flocks.
Julius Caesar edited by Rajinder Paul, The new Cambridge Shakesphere edited by Marvin Spevack.