Shervin Pishevar doesn’t get the attention that a George Soros or one of the other heavy-hitting venture capitalists get. But Pishevar has a reputation for picking the right startups, and he has a reputation for speaking his mind. But the public doesn’t know much about the Irian-American investor. That changed when Pishevar decided to let it all hang out on Twitter. Shervin Pishevar took a page out of Trump’s tweeting handbook, and he went on a 21-hour tweetstorm that shook the cobwebs out of some investors’ minds.
The stock market is riding high, and bond market yields are higher than ever, but Shervin Pishevar thinks that’s going to change. According to Shervin, the U.S. economy is heading for another meltdown. But there are no signs that the market is going anywhere but up. Unemployment is at an all-time low, and President Trump says his nationalistic policies will continue to fuel the market. But many economists agree with Pishevar. They expect an adjustment in the market because the value all asset classes doesn’t make sense. The market isn’t expanding; it’s crowded with investors hungry for the same stocks, according to Pishevar.
Some investors say Shervin Pishevar’s tweet about the demise of the Bitcoin may be right since the Bitcoin market is up then it’s down depending on the day, week, and month. But his tweet about Silicon Valley losing its number one position in the startup business gave some of Shervin Pishevar’s Silicon Valley friends something to talk about.
According to a Pishevar tweet, Silicon Valley is falling behind other countries in terms of startup success. Pishevar was right when he said inflation is on the rise, and he got it right when said money isn’t cheap anymore. The Federal Reserve raised rates three times in 2018, and another increase in on the table. And his tweet about underemployment is another spot-on prediction. Unemployment is tracking at 3.7 percent, and that means skilled workers are still taking jobs that don’t fit their qualifications.
Mr. Pishevar didn’t tweet a date when the market will drop by 6,000 points, but he did say it will happen incrementally in the coming months.