Shervin Pishevar can squeeze a lot of information into 21 hours and Twitter. During this time, Pishevar spelled out his predictions on the stock market with a play-by-play breakdown. He has many followers and fans because of his success with investing in profitable startups, such as Uber and the Dollar Shave Club.
His Twitter rant laid out a forecast for a financial storm many will not weather. Shervin Pishevar predicts that the market will fall a whopping 6,000. This is where the storm started on Twitter, but it quickly became apparent that he had many reasons to back his thoughts. To make matters even stormier, he went on to tweet about how profits from the last two years would eventually become memories because of varies conditions, business practices, and political situations.
In one tweet, he used the word panic. Panic may be what takes the market down, which is often the case in stocks. Once someone fears a share is going to plummet, they may try and rush in ahead of the fall and sell all of their stocks. Once other investors get wind of what is happening, they also rush in a begin to sell. Everyone is trying to beat the decline, which hasn’t even started yet, and because everyone is rushing in to sell, it swirls up a panic. The situation almost becomes self-fulfilled.
Shervin Pishevar tweets that interest rates may be part of the pandemonium. He also highlights a credit crisis coupled with questionable tax breaks. Tax breaks are often bestowed by the US government on to corporations to try to stir the economy. This practice has been labeled as trickling down. In theory, the US leaders give the corporations a break in taxes, and in turn, they trickle down the benefits to their employees, who in turn purchase more consumer goods. The economy as a whole should win from the downward push, but Shervin Pishevar calls out that play. He combines all of these words in one tweet: interest, credit, tax, and panic.
Twitter is an excellent platform to share, and Shervin Pishevar takes to it to explain and perhaps shed some light on some topics many would rather pretend do not exist. Only time will tell how his predictions pan out.