That's a pretty shortsighted analysis on several fronts...
The stock market may have been overvalued but nowhere near 2 times. Maybe 10% at best, a correction was due which is normal.
"A LONG WALK OFF A SHORT PIER awaits those who medically survive the pandemic." Are you writing sci fi thriller? By no means will the 99.65% of us that survive be taking a long walk off a short pier, at least not in the US or any other developed country.