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Non-Tech : Elaine Garzarelli
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To: Gil Kempenich who wrote (53)10/28/1996 1:05:00 PM
From: Mark   of 292
 
Hi guy;

I understand that Elaine spoke out again today. I really didn't pay much attention, since as you are aware, I'm not a big fan of hers. She basically said something about a drop of up to 20% from here, which would be Dow 4800 or so.

I wonder if she is just trying to get some selling into the market, to make her previous predictions look plausable. I'm not accusing her of anything, but I am surprised she spoke out, since her summer prediction was dead wrong.

Anyone out there have any more details on what caused Elaine to come up with her new call? Does she have any new data to base it on?

Thanks.

Mark
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