Shervin Pishevar predicts stock market correction

Shervin Pishevar has by now established himself as one of the most renowned names in Silicon Valley. As the CEO and founder of Investment company , he has been behind the rise of some of the most transformative companies in the history of tech, including Uber, Airbnb and Virgin Hyperloop. Shervin Pishevar has also personally founded a large number of successful tech startups, which range from WebOS and Ionside to the stalwart Social Gaming Network.

Somehow, Shervin Pishevar still manages to blog and tweet about a stunning breadth of topics. His Twitter feed counts more than 100,000 followers, some of whom include the most influential and powerful people in the country. When Shervin Pishevar gives his opinion on anything from economics to the state of the tech world, he has the ear of the elite movers and shakers.

Recently, Pishevar unleashed a 21-hour tweet storm in which he confronted a wide range of pressing issues. One of the themes that he addressed is the likely consequences that will flow from the Fed-fueled asset bubble in both real estate and equities. Shervin Pishevar has been one of the leading critics of the irresponsible and highly experimental policies of the country’s central bankers. He has been pointing out for the better part of five years that flooding the markets with liquidity and cheap credit is a surefire way to precipitate a bubble. And he now believes that is exactly what we are experiencing in equity markets.

Pishevar has put an actual number on the current inflation of asset prices. He says that the Dow Jones Industrial Average is due for an approximately 6,000-point correction. However, Pishevar is quick to note that corrections of much larger magnitude, on a percentage basis, have occurred frequently throughout the history of the U.S. stock market. He says that it is fully possible that the markets may experience a correction of up to half of the total market capitalization, an event that would send the global economy reeling.

Pishevar warns that a continuation of the easy-credit policies of America’s central bank will almost ensure such an outcome.

https://angel.co/shervin

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