During a recent tweet storm that lasted well past 21 hours and consisted of more than 50 messages, Shervin Pishevar found himself talking about a variety of areas pertaining to the United States economy. One of these was the stock market, which while currently sailing along at a great pace, is always subject to huge drops depending upon many factors. According to Shervin Pishevar, investors should prepare for yet another large drop in the months ahead.
Predicting the stock market could fall as much as 6,000 points over a period of months, Shervin Pishevar definitely gets plenty of attention for this potential blockbuster. However, in order to calm the fears of nervous investors who may wonder what they should do if this happens, he suggests that precious metals, such as gold, may offer a way to protect their money until the tide once again turns in a positive direction. Noting that the current bond market is very volatile and likely pushing the market toward a long-overdue correction, Shervin Pishevar believes gold is the answer for investors.
After offering this prediction and suggestion, he moved on to give his thoughts about the current state of technology, particularly Silicon Valley. In his next tweets, he suggested Silicon Valley may have its best days behind it, and may in fact be facing a future where companies in the region will be chasing foreign competitors from China and other nations. To keep this from happening, Shervin Pishevar believes Silicon Valley companies will need to take a close look at how they approach such areas as staff training, research, development of new products, marketing, and many other factors that go into creating successful companies.
As an early investor in Uber, Shervin Pishevar knows all about innovative ideas that are just getting off the ground. Because of this, he is a big fan of virtual currencies such as Bitcoin. However, like many other areas of the economy, he predicts Bitcoin will fall in value by as much as 5,000 points. However, unlike the stock market, he predicts a quick rebound, allowing investors to quickly recoup losses.