Some people seem to be lucky in life, particularly when it comes to predicting what the markets are going to do. Shervin Pishevar is one of those people. He’s a venture capitalist and has had success because of investing early on many tech companies.
He broke his Twitter silence during the first week of February with some market predictions.
Shervin Pishevar knew he was going to go on a tweet storm. He numbered all of his tweets to make it easier for everyone to follow what he was talking about.
The very first tweet provides the greatest prediction: The market will drop 6000 points in aggregate over the next few months. That poses a problem for investors. It means that not only will 2018 gains be lost but also dig into the 2017 gains.
What are people doing about it?
Well, it seems as though quite a few people follow Shervin Pishevar. He has over 90,000 followers on Twitter and some of these are blogs who have decided to share his message. As though he predicted the future, the market already showed signs of instability the very next day. Further, 500 points were lost within the hour.
Trump once said that if the market falls by 1,000 points in a single day, they should be booted out. Shervin Pishevar decided to launch the hashtag #dumptrump in response to that.
It seems as though the predictions of Shervin Pishevar are coming true. Investors have no where to hide because indices, bonds, and more are overvalued and losing points. Even bitcoin is crashing down, though Shervin estimates that it will do so for a while and then stabilize and grow stronger after a while.
While Shervin Pishevar can’t predict the future, he is good at reading trends. It seems as though he may be on to something with the way the market is currently looking.
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