Per Standard and Poors, 2009 operating earnings and dividend payments for the s&p 500 were $60.80 and $22.31 respectively.
With a p/e of 123, your chart implies that s&p 500 earnings were around $5. Earnings were definitely down in 2009 from their prior peak by maybe 25% but they were definitely not down 90% plus as your chart implies. Your chart perhaps includes massive writedowns of goodwill and intangibles and restructurings which makes the data meaningless.
I am not enlightened by your chart. What I have concluded is that your mind set is common among investors. Lack of fact drives fear resulting in bad investment decisions over the long term.