The stocks in industries that are hardest hit by this - travel/tourism, airlines/aviation, hotel/hospitality, oil, restaurants, retail, anything mortgage-backed - are down 50-75%, not 30%, so a lot of it is already baked in. Some companies won't survive, but other than perhaps the cruise lines the demand for those services/products will return eventually and the more financially stable companies that survive will pick up that demand and be more profitable in the future. Invest in companies that have a lot of cash right now. I have a hard time believing that 31% didn't pay rent. If even close to true, it speaks to entitlement, not economic impact. People didn't start losing their jobs until mid-March, and two weeks later they can't pay rent? And 1/3rd of renters lost their job? I'd believe it for May, but not for April.