Gurus Ponder the Obvious: Was That It for the Bear?

SAN FRANCISCO -- The most widely anticipated oversold bounce in recent market history arrived today with a splash.

Coming off the worst week since before World War II, the Dow Jones Industrial Average rose 4.5%, the S&P 500 gained 3.9%, and the Nasdaq Composite climbed 5.3%.

Predictably, and understandably, a big topic of discussion today was whether last week, and Friday in particular, represented the capitulation many observers say is necessary to complete the bear market cycle. (As discussed previously, there are many definitions of capitulation and it isn't an absolute necessity to end the bear. But it is something that's being closely watched.) ...