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touch bottom

Reach the lowest point, as in During the recession the economists kept saying that we hadn't touched bottom yet. This metaphor for reaching the ground under a body of water has been used since the mid-1800s.
The American HeritageĀ® Idioms Dictionary
Copyright Ā© 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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