It wasn’t too long ago that investor Shervin Pishevar decided to make a few economic predictions. He went on Twitter to say that he saw a financial storm ahead. 50 tweets later, he was finished with his predictions.
The Stock Market Predictions
Shervin Pishevar started it all off by saying that he expected a 6,000 point drop in aggregate in coming months. He went on to tweet that the gains from 2018 were gone. It would only be a matter of time before the gains from 2017 were also given up.
As an angel investor and the founder of An investing firm, Shervin Pishevar has made it his business to predict the state of the economy.
Shervin went to great lengths to number the tweets and provide a lot of insight about the economy in regards to stocks as well as bonds. He also went into detail about bitcoin, preparing investors on all fronts of what could happen. He certainly provided a public warning, sending out the tweets to tens of thousands of followers.
It seems as though Shervin Pishevar knew what he was talking about. He warned Twitter followers about what was likely to come. Within 24 hours of his first tweet, the markets started to wobble. A few days later, the stocks were taking a plunge. There are now a lot of jitters within the market and people are working to prepare themselves for the worst.
In the middle of March, Shervin Pishevar followed up his tweets with comments about the markets and how the rate-hike fears have returned.
The markets are doing exactly what Shervin Pishevar warned they would do. While it hasn’t seen the full 6,000 point drop, it’s only been a month since his tweetstorm happened. It’s entirely possible that we’ll still see the full prediction come to fruition. As such, investors have to be prepared for it.