The fluid in my master cylinder looked nasty, and here is what it looked like under the slave cylinder. Mine had leaked for a bit a couple of months ago, had to refill twice then stopped leaking, and I assume this is what happens when brake fluid mixes with oil/grease. The contamination affected all the fluid in the system eventually, even making it look nasty in the master cylinder.
This does not apply if you have not lost any fluid!!
