Events Last Week Strongly Suggest A Rally To The End Of The Year

Core Insights - Michael James McDonald is a stock market forecaster and former Senior Vice President of Investments at Morgan Stanley, known for his advocacy of contrary opinion theory and investor sentiment measurement in price forecasting [1] - His first book predicted the end of the 18-year bull market (1982-2000) and the beginning of a long-term trading range market, which occurred between 2000 and 2009 [1] - McDonald later forecasted the end of the ten-year trading range market in 2010, signaling the start of another long-term bull market, which also materialized [1] - He emphasizes that a significant portion of a stock's price can be influenced by investor emotions, particularly fear and greed, and identifies a universal warning sign when too many investors have the same expectations [1] - Through his company, Sentiment King, McDonald continues to analyze investor psychology to forecast major stock trends [1]