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