NS , the current risk to our market is its inefficient - sellers...

NS , the current risk to our market is its inefficient - sellers dominate and some unscrupulous third partys exploit this by preying on the vulnerable. There is no doubt in my mind the stellar run for the our stockmarket was largely helped along by increased margin loan participants and the superfunds ( corporate & DIYS ) plus institutions having access to an abundant inflow of funds based on record returns. Now margin lenders are leaving the market because of declining prices, increased interest costs and having insufficient equity in the first place ( paper gains ). Also many Australians are seeing their superannuation funds go backwards at an alarming rate and are now opting to change their superfund investment strategy to less risky options like cash and bonds. Investors are leaving the market so why would you buy now when you don't know who you can sell to in the future. A lot of us got greedy and we are now paying the price. Much more collateral damage still to come.