The suggestion that heavy tax regime on corporates is not punitive but acts as a regulatory measure, sounds appealing because this measure would restrain the corporates from fudging their books -especially in the recent case of Satyam.
Even at g20, this point of view could find its mention in the consensus, if reached! Imposing more taxes on these financial institutions would be a better way to regulate them. It will serve another purpose of generating more revenue and mitigate the burgeoning fiscal deficit to quite an extent.

Technically, the markets have discounted all the negative news, including GM and unemployment. In fact, it is felt that the markets had written off GM as bankrupt long time ago. But this is not to say that we are out of the woods. It is purely a technical bear market rally, finally to trend lower and new lows are not ruled out in the months ahead. There is no significant indication of value buying so far.

Stocksweekly is still relevant. Trade accordingly!