"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) - Get Report

, at $44.72 in afternoon trading on Friday, sinking to $36, and


(KO) - Get Report

, at $38.58 on Friday afternoon, also "going down that far."

Cramer's situation also imagines


(DIS) - Get Report

at $12, from $15.38 on Friday afternoon, and


(DD) - Get Report

eliminating its dividend and heading to $11, from $16.69 on Friday afternoon.

The scenario imagines


(VZ) - Get Report

"going all the way back down" and


(IBM) - Get Report

"giving up much of its gain."

It also imagines


(C) - Get Report

staying around $1 and


(BA) - Get Report

, at $29.63 on Friday afternoon, going to $24. And it "uses a $5 price for


(JPM) - Get Report

," 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."

At the time of publication, Cramer was long JPMorgan Chase.

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