Bank stocks (XLF +3.7%) jump out of the starting gate after the central bank liquidity push,...

|By:, SA News Editor

Bank stocks (XLF +3.7%) jump out of the starting gate after the central bank liquidity push, shrugging off the S&P downgrades: JPM +5.4%, MS +5.9%, C +5.3%.  Bank of America (BAC +5.3%) looks to avoid collapsing through $5, at least for another day - it's a line in the sand, not because it’s a round number, but because many fund managers will be forced to sell if it closes below that mark.