Because the market does not reflect reality.

The market reflects reality. The new reality is that the people who are invested apparently don't need liquidity, and bad news doesn't really matter.

>that the people who are invested apparently don't need liquidity

The rich and ultra rich don't need liquidity, they have our 401k plans for that.

The rich and ultra rich tend to borrow against their investments rather than spending their own money. As long as the number continues to go up it's basically a free money pipe for everyone over a certain level of wealth.

Online abuse works the exact same way. Most kids don’t choose to be abused online either.

Yes. What I'm saying is that people can choose to leave online spaces that are abusive, as opposed to abuse at school or home, which are much harder (usually impossible) for children to escape.