We are still in the bear market I believe. But what I see and observe is that some traders are taking advantage of the market dip which makes them profitable also. I guess bear mode is important because the market needs to go through a cycle and bear cannot be avoided.
There is no financial market, you'll find that price moves indefinitely in anyone direction, rather the net result of the dual between bulls and bears determines which way the market eventually. So bearish market doesn't necessarily mean absence of bulls, rather it shows that both conditions are vital to maintain the integrity of the market.