A Low in Positive European Earnings Revisions?

It's tough to find a great deal of optimism in or about European equities these days.  And, while the percent of issues with positive earnings revisions over the last six months has reached multi-year lows in most sectors of MSCI Europe, it is noteworthy that such extremes tend to remain in force for at least five or six months-- meaning we would not expect a rapid rebound in positive revisions anytime very soon.