The stock market is never entirely predictable. Trends do emerge that provide analysts with some reasonable indications about where the Dow Jones may head. And then things happen without warning. Recent upheavals in the trade war between the United States and China led to the market dropping. A proposed ban on Huwai technology further hurt the market. Then, some concessions emerged, and the market perked up. All of this occurred within a few days. The lesson here is the market can be volatile. In a 21-hour tweet storm, technology and venture capital guru Shervin Pishevar warned his followers about potential market disasters.
Since his tweet storm garnered media attention, Shervin Pishevar warned more than his Twitter followers. A sizeable audience learned about his predictions. And those market predictions are frightening. Pishevar believes the stock market may drop by 6,000 points. The financial disaster tornado occurring in the aftermath of a 6,000-point drop could drag the global economy into a nightmare scenario. All this did happen before. The 2008 financial crisis proved the stock market is never invulnerable.
Pishevar did hint in the tweet storm he agreed with conventional wisdom. Gold prices increase when markets collapse, but he did not outright endorse any precious metal purchasing plans. Pishevar isn’t selling the public anything. Nor does he try to motivate them to take specific actions. In his past and present tweets, he shares his opinions. Not everyone agrees, but the ideas are worth checking out.
Shervin Pishevar runs Investment company, a top venture capital enterprise. As a “super angel investor,” Pishevar help funnel money into many business ventures. He is most well known for being an original Uber investor, and Pishevar currently puts efforts into the Virgin Hyperloop One transportation system. He knows a lot about tech, finance, and investing. His insights come from experience, although opinions do remain speculative.
Shervin Pishevar doesn’t want to start a panic. He does, however, want the public to pay attention to the current stock market landscape. Being caught by surprise during a Dow Jones decline could yield devastating effects. Stay current on all news and be informed.