Market Gyrations - Thursday, page-44

so, retail sales were to blame for today's drop. seems that the analysts forgot to include a dip post fin yr end based on "Tony's tradies" making use of the $20,000 tax write off on single items pushing capital purchases into 2014-5 financial year and leaving poor old July/Aug to its own devices. Add to that, today was the last day for selling ANZ to fund the placement due on Tuesday, and we had retailers and banks leading the way down today.