1. The economy is not that bad for many companies in the stock market. Why would Proctor and Gamble be that negatively impacted during this? It lost 20% of its value though. Same with a stock I hold. It was slaughtered for being an airline stock, but it mostly does flights to remote communities, which are a government-funded necessity so they can eat and have medical care. P&G should not have meaningfully fallen and this other stock should have lost maybe 20%. It lost 70%. Now it is only down 40%. So the market didn't know what to do and overreacted in many places. Same with all sorts of natural gas stocks which got slaughtered along with oil. Much of the initial drop was unjustified.
2. The stock market will walk away with a larger share of the economy than it had before. Vast amounts of shopping moved to Amazon and online venues. The large publicly traded restaurants will survive or just buy out flailing franchisees at a discount. So less pie, but a greater share for public investors.