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Elaine Garzarelli's 1987 Crash Call Made Her a Wall Street Star

Original: Days Before Black Monday In 1987, A Lehman Analyst Correctly Predicted The Stock Market Crash On National TV. She Became A Wall Street Legend Over Night And Investors Handed Elaine Garzarelli $700 Million To Manage. The Next Year Her Fund Had

Elaine Garzarelli, then a Lehman Brothers analyst, predicted the October 1987 stock market crash on national television days before Black Monday. Her accurate call made her famous overnight, and investors entrusted her with roughly $700 million to manage. The story is being recirculated as a reminder of how one well-timed forecast can turn a market analyst into a Wall Street legend, and how quickly fortunes and reputations can follow.

Why now: The dramatic story of a perfectly timed market crash prediction resonates with investors worried about current market volatility.

Elaine GarzarelliLehman BrothersBlack Monday 1987Wall Street

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• Days Before Black Monday In 1987, A Lehman Analyst Correctly Predicted The Stock Market Crash On National TV. She Became A Wall Street Legend Over Night And Investors Handed Elaine Garzarelli $700 Million To Manage. The Next Year Her Fund Had · 24/7 Wall St.

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