Where Is This Bull Market's Second Wave

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 [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 is influenced by investor emotions, particularly fear and greed, and warns that when too many investors have the same expectation, it often leads to price reversals [1] - Through his company, the Sentiment King, McDonald continues to analyze investor psychology to forecast major stock trends [1] Company Insights - The Sentiment King, founded by McDonald, focuses on measuring investor sentiment to identify market trends [1] - McDonald has developed metrics to gauge when investor expectations are overly optimistic or pessimistic, which can indicate potential market movements [1]