It's the question that's on every investor's mind -- or should be: Where's the bottom?
Jefferies managing director Art Hogan has some ideas about pinpointing the bottom.
"Nearing the end is when we get the first quarter earnings reports from most of the major financials," he told CNBC.
"We actually have a couple of the major financials...that say, 'We overstepped it; it wasn't $26 billion, it was $25 billion' -- that's when they ring the bell at the bottom."
Hogan sees that happening sometime during the second quarter, as the first-quarter results come in.
In the meantime, he has a couple of recommendations: Taser International , which is preparing to roll out its newest product, and Tupperware, which he sees as recession-resistant, with great international exposure.