Thurs 09.29.11

Nice, upbeat commentary this morning. Equities are way in the green today with investors playing the risk-on trade after today's revised GDP and lower jobless claims. Banks in particular, which have been the most volatile of late, are rallying the hardest, with big money-center banks Citigroup and JPM each up over 4.5%. Also, large industrial cyclicals, such as Caterpillar are also having a strong day, up 3.5%. As predicted, there's going to be some "window dressing" today and tomorrow and mutuals funds sell losers and buy winners from their portfolios. As long as something bad doesn't come out of Greece, expect today to keep its rally and not lose the momentum tomorrow (last day of qtr).