Where's the bottom?

The market keeps going down, and everyone is wanting to know where the bottom is...

Well... on an ultrapesimistic point of view. The absolute bottom from an earnings standpoint was when the S&P had a P/E ratio of just short of 5.00

That being said... The S&P has a P/E ratio right now of 13.26 at 906 pts.

Therefore, it could conceivable drop another 63% in a worse case scenario.

YIKES to even think of it. But is it that crazy?

What do you think?