In his book, “The Coming Economic Ice Age” Dr. Robert McHugh warns readers that we are nearing a very major decline in equities given the massive “megaphone” formation that is taking shape in the Dow and many other major indexes around the world. In the book he shows that the same formation was present before other major equity market declines such as 1929, 1957, 1966, 1973, 1987, 2000 and 2008. In fact all major declines since the 1930s have had a widening megaphone which McHugh labels “The Jaws of Death.”
Buckle up your chinstraps boys, 'cuz this can get rough.
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