Sunset Strip | Aussie market was taken to the cleaners by global investors getting out on currency worries and leaving the market looking like a fight scene...

Sunset Strip | Aussie market was taken to the cleaners by global investors getting out on currency worries and leaving the market looking like a fight scene from Rambo movie. The selling was indiscriminate and on stocks that should have been positive for local investors. Global investor loss is local investor gain. Most institutional fund managers will start to take holiday breaks with kids on school holiday. Medibank Private refunds and dividends from three big banks and MQG are going to hit the bank accounts next week. All of this cash has to find good return for retirement funds....expect more cash to flow back into the market. (VIEW LINK)