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An Elaine Garzarelli Moment

Posted on June 21, 2008

This past week, the Royal Bank of Scotland credit strategist Bob Janjuah warned of a full-fledged crash in global stock and credit markets. He anticipates a 300 point drop within the next three months. Janjuah as a lot of credibility because his warnings of credit troubles last year, came to fruition this year. The whole setup reminds me a bit of Elaine Garzarelli in 1987. Garzarelli was a relatively unknown quant analyst and money manager at Shearson Lehman in 1987. In the weeks before October 19th, she made brief appear on FNN, the precursor to CNBC, saying there was a high likeli...

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analyst , highs , internet , lows , markets , oversold
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