To say that calling something a coming financial storm is a bit scary is the truth. People sit up and pay attention when you talk about a company financial storm though, and that may have been the whole intent of Shervin Pishevar when he went on Twitter to talk about his latest ideas for what might happen in the economy.
Shervin Pishevar is a well-known person for having been one of the early investors in Uber. He believed in the company long before many others even knew that it existed. He saw potential before the rest of us and he took it. His ability to foresee what is coming in the future is something that has won him great praise and admiration. These days, he often takes those talents to his own Twitter account to try to help people understand what he is seeing happening in the economy as a whole.
A recent twenty-one hour, fifty tweet long tweet storm showed the people exactly where Shervin Pishevar stood on a number of economic-related issues. He started it off with a splash by saying that he believes that the stock market is due for a correction of approximately twenty percent or more in the near future. He wants to see people dumping their stocks as quickly as possible to avoid facing that very real possibility. It might sound as if he is pressing the panic button, but the reality is that Shervin Pishevar simply does not want to see people get hurt as a result of what he sees as very likely to happen.
The stock market has climbed to heights that most did not expect. It is not unreasonable to think that perhaps it has gotten a little ahead of itself. It would not be the first time in the world that this has happened in the market. In fact, it is a common feature of stock markets. It happens all the time.
Other assets are not safe either if you listen to Pishevar. He is particularly skeptical of Bitcoin which he believes will fold under pressure and the fact that it does not have a central bank anywhere in the world that backs it up.