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Non-Tech : Elaine Garzarelli
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To: Mark who wrote (59)10/30/1996 11:44:00 AM
From: Gil Kempenich   of 292
 
Mark, you stated on Oct 28: "I understand that Elaine spoke out again today. I really didn't pay much attention, since s 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 have read no additional details on this. Was this on a CNBC interview, her newsletter, what? What else - did she give any justification for this prediction?

If there is indeed a 20% drop I suspect not many will escape it. It would be very difficult to find the exceptions in such a dramatic drop.

Gil
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