Cramer's 'Stop Trading!': Worst-Case Dow

"I'm trying to figure out, if we did everything wrong, where we would go, and I can't get below 5,320" on the Dow, said Jim Cramer on Friday's "Stop Trading!" segment on CNBC.

He said that Dow 5,320 is his "absolute bare-bones worst-case" scenario. He arrived at the number by imagining what would happen in specific worst-case scenarios, including Procter & Gamble(PG Quote), at $44.72 in afternoon trading on Friday, sinking to $36, and Coca-Cola(KO Quote), at $38.58 on Friday afternoon, also "going down that far."

Cramer's situation also imagines Disney(DIS Quote) at $12, from $15.38 on Friday afternoon, and DuPont(DD Quote) eliminating its dividend and heading to $11, from $16.69 on Friday afternoon.

The scenario imagines Verizon(VZ Quote) "going all the way back down" and IBM(IBM Quote) "giving up much of its gain."

It also imagines Citigroup(C Quote) staying around $1 and Boeing(BA Quote), at $29.63 on Friday afternoon, going to $24. And it "uses a $5 price for JPMorgan(JPM Quote)," which was at $15.33 on Friday afternoon.

"Is this bullish? I don't know," said Cramer. "After that horrible, miserable analysis, I still get the 5,320."