The reason is in America we have socialism for the rich. The fed has had a policy of supporting asset prices to create what they call a "wealth effect" for a while now, at least since Bernanke. So that creates a floor for asset prices when the shit hits the fan. But when mass unemployment occurs we don't have a similar mechanism to keep people employed (i.e. a jobs guarantee), and only with the cares act do we have money going to people who traditionally couldn't claim unemployment.I stopped looking at the stock market because wall street isn't main street. Most Americans don't have stocks. Look at the current economic climate. 27-30m Americans unemployed. It might be as high as 50m around fall. Yet, the stock market before this downturn was surging. IMO, it's fixed and only the wealthy are benefiting.