A contrarian case can be made that the stock market rally since the October lows is the beginning of a new bull market. That’s because the criteria for “capitulation” that I laid out in previous columns have been met. Capitulation occurs when investors give up because of despair, the last emotional stage of bear market grief. Without it,... 

Source : [There's a strong possibility that the bear market in stocks is over as investors have given up hope](https://www.marketwatch.com/story/theres-a-strong-possibility-that-the-bear-market-in-stocks-is-over-as-investors-have-given-up-hope-11669999664?mod=newsviewer_click) undefined - December 02, 2022