The markets rallied Thursday on the strength of Wells Fargo's ( WFC) huge earnings surprise. The Dow Jones Industrial Average surged 246.27, or 3.14%, to 8,038.38, while the S&P500 rose 31.40, or 3.81, to 856.56. The Nasdaq jumped 61.88, 3.89, to 1,652.24. Melissa Lee, the moderator of CNBC's "Fast Money" TV show, said today's rally means the markets have been up five straight weeks, with the S&P hitting a two-month high and the Nasdaq enjoying a five-week high. "The bottom's in," Jeff Macke told viewers. "Get over it. Move on with your lives. Of course you take profits on a day like today." Lee observed the volatility index fell to a six-month low of 36.53. Jon Najarian said volume was "off the charts," with 18 million options changing hands compared to 14 million normally. "That tells you institutions are buying," he said. Karen Finerman said she was not buying into today's rally although she liked the price action in the bank stocks. She said it's a really good thing for banks like Wells getting capital above where they need to be. "Wells Fargo is sending a message it is going to pass the stress test," he said. Finerman said the earnings power of banks can be enormous once they start to have fewer provisions. She said they are benefiting from enormous spreads, borrowing at near zero and getting even with the refi's. All this could lift bank shares "way higher" and "then if they need to raise capital, they can at much better prices," she said.