As ridiculous as it sounds, the Dow Jones Industrial Average just climbed out of the bear market it entered two weeks ago. It’s a development that speaks to the tenuousness of market conventions in times of extreme volatility. The biggest rally since 1933 helped push the gauge up the requisite 20% from the low it hit Monday, meeting one time-honored definition of a bull market. Right now, it’s a milestone only a statistician could love given the index remains almost 25% below the record high it touched on Feb. 12 -- though that doesn’t mean it won’t keep going. While weird, bounces of similar velocity happen from ... (full story)