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), at $44.72 in afternoon trading on Friday, sinking to $36, and Coca-Cola ( KO), at $38.58 on Friday afternoon, also "going down that far."

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

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

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

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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