If the index drops 5% on Monday trade, it'll be a good day. This...

If the index drops 5% on Monday trade, it'll be a good day. This $10,000 super draw down stimulus should see the AUD strengthen with the flight to cash, but the big boys with overweight exposure to the broader index, BHP, CBA, CSL will suffer the most given their weight in most funds to the broader index.

Assuming a max unemployment figure of of 7.5%. If all these people qualify as being in financial hardship and assuming a $10,000 draw down each from their fund into cash. This represents upward of $15-18B which will be wiped from Australian equity market, depending of your funds exposure to the ASX.

The brunt of this will taken away from the XJO and this could also see these major funds liquidating assets which equates to realized losses in an already volatile and weak market. While short term this may help an the economy, long term, this could be devastating for individual investors, welfare down the line, equities and super funds as a whole.