Monday Humor: "Why The Worst Quarter Since 2009 May Be A Good Thing" - The Media Explains

First, the facts, courtesy of Bloomberg:


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This is how Forbes laid out the threat of the Q1 earnings collapse just 4 months ago:


Turns out not only was it likely but Q1 earnings are about to plunge the most in 8 years, which means that now that the threat has materialized, it is time for spin. A lot of spin. courtesy of everyone.

First Reuters:


Then MarketWatch:


Then MarketWatch, again, just in case:


And, of course, CNBC:


We eagerly look forward to the BTFD "explanations" when the earnings recession becomes an earnings depression.