✉news BusinessMarkets first seen 7 h ago, last 41 min ago, peak #7

Elaine Garzarelli's 1987 Crash Prediction Made Her a Wall Street Legend

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

Days before Black Monday in October 1987, Lehman Brothers analyst Elaine Garzarelli correctly predicted the stock market crash on national television. She became a Wall Street legend overnight, and investors handed her roughly $700 million to manage. But the story turned: her fund reportedly performed poorly in the following year, and her reputation as a market oracle faded almost as quickly as it rose.

Why now: Traders often revisit Garzarelli's famous call as a cautionary tale about crash predictions whenever markets turn volatile.

Elaine GarzarelliLehman BrothersBlack Monday 1987

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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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