re: How many points will the market drop tomorrow?

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foreclosures everywhere

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This isn't going to be the problem - most mortgages are backed by FHA, VA or USDA. Mainly getting the holders to waive or suspend interest for 90 days as well as just tacking on 3 months by agreement - a "pause" button if you well.

The problem will be landlords and tenants. I think states have some degree of power to suspend evictions and a package of that might stabilize folks in their homes.

So, it being an actual crisis for the needy should be manageable.

By the time the stimulus checks hit, they're going to need another $350B to do it again.

The WWII analogy is correct - it is going to be as expensive as WWII.