Currency is a problem sure. But offshore investors know that it will drop thus causing a rise in share prices and so should have remained in our market to some degree. Afterall, if you buy a stock now for A$1.00 and the dollar drops to 80 cents, yes you have lost but you would expect to see a corresponding increase in the SP to match the loss on the dollar.
They haven't. They have run screaming to the hills to get away from the Brown/Gillard government. It is simple really. If you want your shres to go up in value, vote Liberal.
