Today on World Market Watch Lucinda Chan, Division Director & Head of Asian Business at Macquarie Private Wealth in Sydney, Australia discusses:

- Risk is back on as Bernanke confuses the market with comments last week

- A reality check for a market with stretched valuations

- only paper impact for medium to long term investors

- Yahoo and its acquisition spree

- David Jones of Australia and its poor results

- impending rate cuts in Australia and Aussie dollar outlook

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Tags:  aud,  consumer market,  yahoo,  tech stocks,  australia,  market valuations