ZH: Q2 earnings management mood: abysmal conditions, but optimism at all time high

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ZERO HEDGE writes:

Heading into second quarter earnings season, it wasn’t a question of if it would be bad ? we knew the Y/Y earnings collapse of more than -40% would be the worst since the financial crisis ? but what hints management teams would give on the outlook to at least give the impression that things are getting better.

And that’s precisely what is taking place: according to BofA, not only has there been a prevalence of top and bottom-line beats, but when ...