endent ▁Administr ative ▁Institution s ▁of ▁Japan <0x0A> </s> ▁Ela ine ▁M . ▁Gar z arel li ▁( born ▁) ▁is ▁an ▁American ▁financial ▁anal yst . ▁ ▁Biography ▁Gar z arel li ▁was ▁born ▁in ▁Pennsylvania , ▁United ▁States , ▁North ▁America . ▁ ▁Gar z arel li ▁received ▁her ▁under grad uate ▁degree ▁from ▁the ▁Dre x el ▁Institute ▁of ▁Technology ▁in ▁ 1 9 6 9 . ▁She ▁went ▁on ▁to ▁receive ▁her ▁doctor ate ▁from ▁the ▁same ▁institution , ▁now ▁known ▁as ▁Dre x el ▁University , ▁in ▁ 1 9 7 7 . ▁ ▁Black ▁Monday ▁call ▁ ▁While ▁working ▁as ▁a ▁stock ▁anal yst ▁at ▁She ar son ▁Le h man , ▁she ▁became ▁known ▁for ▁predict ing ▁Black ▁Monday , ▁the ▁stock ▁market ▁crash ▁of ▁ 1 9 8 7 . ▁As ▁indicated ▁in ▁the ▁Wall ▁Street ▁Journal ▁article ▁on ▁October ▁ 2 8 , ▁ 1 9 8 7 , ▁“ M s . ▁Gar z arel li , ▁a ▁research ▁anal yst ▁and ▁money ▁manager ▁for ▁ ▁She ar son ▁Le h man ▁Brothers , ▁Inc ., ▁turned ▁bear ish ▁on ▁Sept . ▁ 9 . ▁ ▁By ▁Oct . ▁ 1 2 , ▁when ▁she ▁appeared ▁on ▁C able ▁News ▁Network ’ s ▁“ M oney ▁Line ” ▁program , ▁she ▁was ▁fier c ely ▁bear ish , ▁predict ing ▁an ▁im min ent ▁collapse ▁in ▁the ▁stock ▁market . ▁ ▁She ▁gave ▁USA ▁Today ▁a ▁similarly ▁dire ▁forec ast ▁the ▁next ▁day