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1.Market Observations

28 Nov 2018 (AFR) – October’s market downturn was needed to avoid a rout

(28 November 2018, AFR, p27, by William McInnes)

‘October’s market sell-off was destructive enough to avert a potentially more severe rout over the next two or three years, according to the boss of the $10 billion Bennelong Funds Management group, Craig Bingham. Seeing the upside to the sell-off, which caused the Australian equity market to experience its worst month in more than three years, the investment executive said lower valuations presented better buying opportunities for investors. “We’ve had a good amount of steam taken out of the marketplace, which I think will allow the market to run for the next couple of years,” Mr Bingham said.’

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