As can be seen below it has no relevance to the markets! So who is surrendering the Bulls? Then why do the markets rally thereafter? The Bears? They surrender their victory? Just doesn't make sense! See if you can properly define it now... Mine is, the markets running out of sellers... Pronunciation: \kə-ˌpi-chə-ˈlā-shən\ Function: noun Date: 1535 1: a set of terms or articles constituting an agreement between governments2 a: the act of surrendering or yielding b: the terms of surrender