how low could our market go?, page-14

Super Ratings' Geoff Bresnahan said that the drop so far in May in super fund balances could be as high as 3.2 per cent. The median Australian balanced super option - which has between 60 per cent and 76 per cent of its assets in property or shares - had fallen to about five per cent below its October 2007 high, he said.

The Australian sharemarket is without any leverage.
I can see civil War for money in 3 years time in Australia.