Banks are the market's engine....

An old adage on Wall Street, as goes financials, so goes the market. I think of big money center banks as the engine on the train that is the market. They were the first to go down and will be the first to come back up again. We are currently seeing money center bank strength as evidenced by the recent strength in the BKX (PHLX KBW Banking index). Whether this is massive short covering or real buying, I do think that this sector points to higher market levels in the future. If it is simply massive short covering, maybe its duration will be long enough to get us through the other side. I guess its always darkest before the dawn.