Before bottoming on Feb. 11, it looked like stocks could be heading into a bear market. The subsequent rebound, though, suggests the bull is back on.
In fact, the truth may be neither. The current trend looks more like a "bunny market," according to Jim Paulsen, the widely followed chief market strategist at Wells Capital Management.
What's a bunny market? It's certainly not like the Easter Bunny, who goes around handing out treats, but instead more like a rabbit bopping up and down in place.