If your ASI is showing you are at the NTE (not-to-exceed) speed, the last thing you want to do is lower the nose. Losing a wing is much less attractive at altitude than getting into a stall.
The CVR suggested the pilots knew the instruments were giving bad data. Regardless, as soon as one’s intestines lodge in one’s throat, and the checklist is on the ceiling, one knows they are in a stall. Stalls are stalls. They are unsettling. The horn, the burble, the sluggish controls, followed by that (literal) sinking feeling.
To be crude, I recall an Air Force instructor pilot who said the turn and slip indicator (needle and ball) served the same purpose as one’s sphincter. He used a different term, but you get my drift. If your sphincter rises into your chest, your instruments may be lying to you.