Stocks bounce at "Bear Market" level...

The 52-week high for the S&P is at 1370.  The talk on TV is that "Official Bear Market Territory" is 20% below that high or at 1096.

Coincidentally, that is just about the same level we are bouncing off of today.

I personally think the "Bear Market Territory" thing is stupid...I've been in the market a long time and never heard of this crap until CNBC made it up three years ago. 

However, so far, it is what it is.  Hopefully it holds up.