After his long absence from Twitter, Shervin Pishevar recently came back with a bang and served his followers with fifty messages on his famed 21-hour tweet storm. Even though he stands out on social media as a man of many words, it seems he had been plotting a comeback for a while. He was waiting for the perfect subject to come up so he could jump back into action. Even though his fifty tweets touched on other subjects, they mostly revolved around the recent drop in the US stock market exchange.
Shervin Pishevar had some bad news for stock traders, and he claimed that things would go from bad to worse before the market could stabilize again. In his fourth tweet, he urged them to scramble for safety before it’s too late. According to the business guru, with all the gains that the traders had accumulated in 2018 gone, he believes that the profits they had accrued in 2017 will soon follow suit if they don’t pull out thanks to the skyrocketing interest rates, escalating credit account shortages and tax giveaways.
Government bonds are overrated
Shervin had more than one reason for his firm belief that the US’s stock market will continue to decline and he was more than glad to share them. Besides the reasons mentioned earlier, he went on to add that times have changed and bonds are no longer what they used to be and as such cannot be used to correct the situation. In fact, Shervin Pishevar compared them to ineffective overused tools.
He also believes that no amount of efforts to isolate America’s economy from the global economy will help correct the current status of the stock market because according to him, inflation has for decades and is still being exported from the American economy. He also went on to crash the hopes of traders who had thought of seeking refuge in Silicon Valley. He said that it lost its glory long ago and was no longer a place but any other viral idea. During the fifty messages tweet storm, Shervin Pishevar touched on various issues affecting the stock exchange market such as immigration, bitcoins, bonds, growth in China and SpaceX.