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Barry Ritholtz over at the Big Picture recently highlighted Bloomberg's Chart of the Day showing that analyst profit forecasts are currently worse than ever. 

With that in mind, we pulled up a post we did back in November highlighting the average analyst price targets for the 30 Dow stocks.  After analyzing those price targets and where the stocks are now, it's clear that bear markets are definitely not an analyst's best friend.

click to enlarge

Dowpricetargets822_2

Source: Dow Price Targets from Last November