The stock market and interest rates, with all their randomness, are built on an implicit trust on the future - a bet that tomorrow things will be as good or better than today. That trust , for the short-term future (6mo) is eroded - and in a very warranted way. The pandemic is real and will cause lots of pain and damage. This is a biggie, in my informed opinion (" early detection and early response" was until recently was my line of work, with CDC, WHO, dx & med companies, national health systems, etc). As workforces, health systems, etc adapt, and diagnostics and treatments improve, things will get better.
The stock market is not ... a source of wisdom, and never has. PLEASE don't extrapolate your views about panic (there is always some) into trying to convince others that there is nothing to see. Stay healthy people.