Dead cat bounce

Is the recent rise in share market performance a dead cat bounce? All the financial problems are still there. And in Australia, the Carbon Tax is going to be introduced. I think we should have a Carbon Tax... but only if the whole world has a uniform Carbon Tax. In Australia, it should be called the Socialist Green Tax.

I have put very low bids to mostly top up some stocks I own. And if there are desperate sellers, I am happy to oblige.