The stock market maintains a reputation for stability. The reputation isn’t entirely deserved. Perhaps “mostly stable” reflects a better description of the Dow Jones. The market has famously crashed at dark times in financial history. Shervin Pishevar went on a pronounced tweet storm in early 2018 to warn the public about a possible 6,000-point drop.
Recently, the Dow Jones rallied. The rally follows a disastrous several-month period in which the market saw steep declines. Now, the stock market boasts of many weeks featuring gains. Shervin Pishevar doesn’t necessarily find the news to be positive. The technology entrepreneur worries that a market crash cannot be avoided. He took to Twitter to launch a 21-hour tweet storm highlighting his concerns about the market and other topics.
Since Shervin Pishevar made a name for himself working with companies such as Uber and Virgin, the media reported on his tweet storm. A significant audience read about his financial musings. The public also learned about Pishevar’s concerns about Bitcoin and the technology sector. Will the public take heed of his warnings? It would not hurt to ponder on his opinions. Yet, many investors remain steadfast in how they put their money to work.
Investors do not change their habits easily. And in some ways, this is a positive trait. However, remaining tunnel-visioned about investing isn’t always a good idea. Refusing to hear out editorial opinions might not be wise either. Even those who do not agree with Shervin Pishevar should at least take time out to read what he has to say. He is an accomplished entrepreneur. While the tweet storm may be bombastic, the tweets come from a successful person. Why not review them?
Shervin Pishevar has not changed his opinion since the original tweet storm. Relatively recent tweets display continued pessimism about the strength of the Dow Jones. He is not alone. Financial opinion pieces by analysts sometimes concur with assessments that the market may suffer a drop. Investors do have their own minds and develop their own opinions. At the very least reviewing the assessments of others may prove enlightening.