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Predicting Crashes »

Posted on 7 Apr 2011 | 8,116 views
The Black Monday Stock Market Crash Prediction

While working as a stock analyst at Shearson Lehman, Elaine Garzarelli became known for “predicting” Black Monday, the stock market crash of 1987. More accurately, her financial analysis indicated that the market was overvalued, leading her to sell about 50% of the stocks in her fund while making other hedges against a crash. Black Monday came about a week later which led to Elaine being dubbed as someone who had “predicted” the crash.