Financials lead way, WSJ says. Really?

Financials Drive Rally for Stocks, WSJ says in a headline, "amid increased confidence that the worst of the subprime-mortgage fallout is in the rearview mirror for major Wall Street firms," the paper gushes. .... Helloooo ... This is just one day's action. The big banks and brokerages appear to be in major declines, and have simply rebounded a bit in the past few days. Most experts seem to think we have not seen the worst of the subprime. Firms don't really seem to know what their exposure will be.