Garzarelli, a research analyst and money manager for Shearson Lehman Brothers, Inc., turned bearish on Sept. 9.
By Oct. 12, when she appeared on Cable News Network’s “Money Line” program, she was fiercely bearish, predicting an imminent collapse in the stock market.
Despite her success, she expressed discomfort with being put on a pedestal as a seer with a crystal ball: "I felt awkward because I got so much attention.
[1] In the spring of 2003, shortly before the inflation adjusted S&P 500 fell, she predicted "a stock market stuck in a holding pattern for years".
William A Sherden: "The Fortune Sellers: The Big Business of Buying and Selling Predictions" 1998, John Wiley & Sons