Why hasn't the stock market completely crashed?

I know it's down approximately 30% from the high but with the continued uncertainty why hasn't the market completely tanked? We're talking 10 million Americans who've recently applied for unemployment benefits. Some experts are saying GDP in the 2nd-4th quarter is going to be a negative range of -10 to -30%. I understand the markets are forward looking 3-6-12 months out but we're not getting any indication from our government experts that a green light for Americans returning to work is anywhere on the economic horizon, that fact alone is truly unsettling uncertainty.

I was watching Fox Business News, they were talking about a minimum of 3-5% of all small businesses currently shut down from the pandemic will not survive and that percentage will become much larger if this economic shutdown continues another 6-8 weeks. I'm currently 35-40% equities, I'm also working so I'm not overly concerned about the market whip saw behavior but some of these folks who have already retired and didn't move their money into safe investments could be in serious trouble if this market drops 50-60-70%. Believe me, a lot of retired folks have been invested 70-80% or more in equities since the financial meltdown because they couldn't make much on fixed income investments and they became convinced that their investments would be fine through normal recessionary downturns......this ain't normal y'all!