The market has been overvalued and manipulated for years. Even Apple took out billions in loans for stock buybacks.[0] Boeing took out $43 billion in loans for stock buybacks[1] instead of investing in planes, QA and employees. Everyone knew this was a stock bubble caused by record low interest rates. COVID-19 is the pin that woke everyone up.
[0] https://9to5mac.com/2019/09/05/apple-is-borrowing/
[1] https://wolfstreet.com/2020/03/11/boeing-crashes-as-43-billi...