Totally agree, Macquarie will take no pleasure in retail clients...

Totally agree, Macquarie will take no pleasure in retail clients losing money. Two high risk high reward funds have lost money but lets put it in perspective. They manage something like $150 billion in investors funds and both retail and insto investors have enjoyed great gains over the last 5 yrs. Model in tact and both half year and full year results will be higher than last year. Backward P/E of 12 or less this stock is an absolute bargain at sub $75 IMO.