"Anyone who goes from totally invested to totally uninvested is a fool, " says Wigmore.

FORBES: Learning from history

Meanwhile, the ICO is chasing spammers, leading to a "dramatic decrease" in activity, says Wigmore.

BBC: PPI: The unintended consequences of a scandal

Wigmore also recommends shares of companies that have little debt and built-in secular growth of 5% to 10% in revenues.

FORBES: Uncle Sam's Bubble-Juggling Trouble

On the previous page is a list of stocks Wigmore thinks will benefit as the market adjusts its expectations downward.

FORBES: Learning from history

"We are totally against these operations, " says Andy Wigmore, spokesman for the Claims Standards Council, a trade body for CMCs.

BBC: PPI: The unintended consequences of a scandal

So Wigmore has realigned his personal portfolio, cutting back from a 120% exposure to stocks in 1996 down to 75% now.

FORBES: Learning from history

Lead flashing was stripped from the roof of St Matthew's Church, in Drewery Drive, Wigmore, causing thousands of pounds worth of damage.

BBC: Wigmore church roof targeted four times for lead

And if you're looking for designer homeware you won't want to miss Paul Smith's Mayfair store (9 Albemarle Street) or Mint (70 Wigmore Street, Marylebone).

CNN: London: Where to shop

Wigmore advises playing it safe in equities with brand names that are capable of moderate 6% to 7% growth in earnings based on performance for the past four years.

FORBES: Intelligent Investing Briefing Book

This suggested the name of Barrie Wigmore, 57, a retired partner of Goldman, Sachs who wrote the excellent study of 1929 entitled The Crash and its Aftermath (Greenwood Press, 1985).

FORBES: Learning from history