Video: Bear Market Rally or Oil Price Deflation?

The U.S. markets closed up Thursday -- despite higher inflation and joblessness data.

Is this a bear market rally or are declining oil prices at the heart of it?

Jack Bouroudjian, chairman at Capital Markets Technology, joined Steen Jakobsen, global head of asset management, executive director & CIO at Saxo Bank, to give their insights to CNBC.

More CNBC Investor Intelligence:

- Cramer: Overseas Money Likes U.S. Now

- Investors Think Stocks Are Cheap

- Kudlow: Are We in a Recession, After All?

Stocks in the news Friday:

- Ambac


- Citigroup

- Lehman Bros.

- NRG Energy