Robin Griffiths, an analyst at Cazenove Capital Management, likes to give specific dates for his investor recommendations. In July 2008, he made the brave call of saying that there would be a plunge of equity values, which would be followed by a rally. He advised them to return to buying equities on Tuesday October 14 at 3.30pm “after a good lunch”.
There was a rally around that time, but fallout from the collapse of Lehman Brothers prolonged the fall, with a strong rally emerging later than Griffiths had expected. http://bit.ly/mayiKW