[CentOS] Question on kernel recompile 2.6.17.3

I downloaded the kernel from kernel.org.

I did the following:
cd /usr/src
tar -jxf /tmp/linux-2.6.17.3.tar.bz2
cd linux-2.6.17.3
make menuconfig
selected what I needed, saved the new config
make bzImage
make modules

At this point nothing is compiled. All I get is:
  CHK     include/linux/version.h
  Building modules, stage 2.
  MODPOST

and a command prompt.

I did make menuconfig again and it has an [*] next to the kernel modules.

Why are modules not compiling?

THanks,

Jerry