S&P 500 EPS – THE MOST BEARISH CHART OF THE DAY?

I don’t know, you tell me but is this the most bearish chart of the day (or the month or the year?). Chart below illustrates S&P 500 Earnings Per Share (EPS) since 2003 to Q4 2015. As a reference, plotted with MA4 (Moving Average 4, the trend of a one year period that is), MA6 & MA8.