Originally Posted by kyleb350
As in the news this afternoon? lol
News this afternoon wasn't targeted at bank stocks. What drove the indexes up, my opinion here, were big institutions trying to keep the bears from breaking 1070 today. Look at Morgan Stanleys stock skyrocket after the surge today. My guess is they, and everyone else like Goldman and UBS, and big pros, were doing a huge bull rally today.
This isn't by any means something you can rely on for tomorrow or the day after that. Which means keep waiting for QE3 news or Greek debt bailout for some solid trends up. Today was an anomalie.