What Made Elaine Shout `Sell'

Her model turned down days after she forecast a 6400 Dow

An old Wall Street adage says that you're only as good as your last market call. Nobody knows that better than Elaine M. Garzarelli, who as a Shearson Lehman Brothers investment strategist turned bearish a month before the 1987 crash. That endeared her to the firm's brokers and clients and made her the best-known and perhaps highest-paid woman on the Street.

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