Word: townsend-greenspan
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Dates: during 1962-1962
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When will the market peak out and start the plunge that signals a coming recession? Many analysts expect a big dip within a year. Most pessimistic is Alan Greenspan of Townsend-Greenspan, who says: "The peak of the bull market will be in the early spring, or at the latest by midyear." Most optimistic is Edson Gould, partner in Arthur Wiesenberger & Co., who believes the Dow-Jones index may reach 953 before a major downturn. "I expect this market to go on for most of 1962," says he. "If the bull market is over much sooner, it will...