Shervin Pishevar is an Uber investor that shook up Twitter with his 21 hours of tweeting rampage. What was the point to his madness, no one knows. He made all kinds of predictions that may or may not come true. Only time will tell on that. One thing is for sure, he has everyone talking.
Shelvin Pishevar’s tweets were 50 messages all together. He did say at some point he would explain what financial storm is coming in the next few months. After much tweeting, Pishevar stopped to eat dinner. The economy does have its shake ups from time to time. Maybe Shervin Pishevar knows something we don’t.
One of Pishevar’s tweets states that he expects a 6,00 point drop in the market. There have been times when the market has dropped significantly. Would it drop 6,000 points? It could. Nothing is for certain in a shaky economy. No market is safe. Whether this prediction will come true or not remains to be seen. However, it can not be ruled out. With our current president wanting to back out of trade deals, this is definitely possible.
Another one of Shervin Pishevar’s tweets claims that the markets will be volatile. It is true that Washington is causing quite stir with the other nations concerning trade. Tariffs are going up especially with Canada. The government is not happy with how our president is handling that. Trade deals are very important to all countries, not just America. One would hope that common sense would be used when keeping trade fair amongst the nations.
Now Shervin Pishevar says that the bond market will try to carry the equities market. He fails to explain why that will fail. There is no explanation as to why that won’t be successful. The question remains as to whether that is even possible. If Pishevar could give us a hint on where to look for the answer, this prediction could probably be justified. Otherwise, it is just seen as nothing more than a mere rant. Until proven otherwise, that’s what his tweets are.