Shervin Pishevar And The Dow Jones Market

Some people are able to predict the market better than others. Shervin Pishevar has made a lot of his fortune from his ability to predict which tech companies will be the most successful. As an early investor in such companies as Uber and Airbnb, it’s no surprise that he has a few predictions about the market in the U.S.

His Predictions

On February 5, Shervin Pishevar tweeted that he had a few thoughts on financial storms that were brewing. He made a prediction that there would be an aggregate 6000 point drop in the coming months.

What Shervin Pishevar was not without some background information. He had 49 additional tweets worth of thoughts, which included how the market has already given up its gains of 2018 and how interest rates are on the rise.

Shervin also explains how the bond market isn’t as deep as it was once believed to be and how many asset classes are being overvalued.

The Dow Jones

The tweets that Shervin Pishevar sent out took a total of 21 hours to be sent. Within 24 hours of those tweets being sent, which were predictions of the economy, the Dow Jones began to crash. Further, S&P was scrambling to find their footing.

In just half an hour, the Dow fell 500 points. While it still has a ways to go to make up the full 6000 points that Shervin Pishevar predicted it would fall in the coming months, it’s certainly headed there. There was a massive sell-off and it was obvious that the markets were nervous.

Industrials, bonds, and indices were not safe. They still aren’t.

It’s unclear as to what made the markets so nervous, but the comments made by Shervin Pishevar on Twitter certainly didn’t help matters. It may be a sign that he is quite capable of spotting trends early on.

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Shervin Pishevar Tweet Storm on Economy

Shervin Pishevar has made millions of dollars during his investing career. His best investment was in Uber. He was an early investor in the company, and he saw the potential of the company before other people did.

Although he has plenty of money, Shervin Pishevar is worried about the future. He strongly believes that the United States is going to go through a major recession in the coming years. Despite the stock market reaching record highs, he is starting to pull his money out of the markets. He believes that there will be few asset classes that increase in value in the years ahead.

As an angel investor, Pishevar has seeded more than 60 companies. He was previously a managing director at Menlo Ventures, where he led investments in Warby Parker, Tumblr, Machine Zone, and Uber Series B. He is a strategic advisor to Uber, and served as a board advisor to the company from 2011–2015. He founded and operated technology-enabled companies including webs.com, WebOS, SGN, HyperOffice.

 

 

Cryptocurrency

Cryptocurrency is an asset class that few people understand. In 2017, the entire cryptocurrency market increased in value rapidly. Shervin Pishevar believes that the market will decline in 2018. Although there is value in some coins, there are simply too many people speculating in the market right now. He still thinks that the overall cryptocurrency market will increase for several years after a massive decline in 2018.

 

 

Inflation

Shervin Pishevar is worried about rising interest rates. In the coming years, it is projected that interest rates will double. As the economy continues to grow rapidly, few people are prepared for higher interest rates.

However, history shows that higher interest rates generally lead to higher inflation. Some people cannot afford to pay more for various products and services. Companies will be forced to increase prices. This will be a brutal cycle that ends up hurting a lot of consumers.

 

 

Investing

The most common asset class to invest in is the stock market. Shervin Pishevar has made a lot of money in the stock market over the years. However, he thinks that the stock market is going to decline rapidly in 2018. As a result, he has started to invest his capital in gold. He believes that gold will be a safe asset class in the coming years.Visit This Page for related information.

With all of the changes taking place in the economy, Shervin Pishevar thinks that the United States is going to go through a terrible recession. Now is the time to start preparing for these changes.

 

See: https://www.crunchbase.com/person/shervin-pishevar