Financial News

Why Bill Ackman Is Still Buying Stocks Even Though "Hell Is Coming"

Shortly after legendary fund manger Bill Ackman gave an emotional, half hour interview about the fate of the American economy on CNBC yesterday, stocks fell so hard and fast trading was halted. If you listened to what he said, the market's response wasn't a mystery. He said the crisis was so bad that "America will end as we know it" and "hell is coming." Restaurants, hotels, and airlines will all go out of business, according to Ackman. He says shares of Hilton Hotels (NYSE: HLT) will drop to $0 in the next 18 months if nothing is done. But Ackman's doomsday predictions might've made him a lot of money yesterday. It was all by design. While everyone ran for the door, those who read between the lines followed his lead... Tags: Investing To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why Bill Ackman Is Still Buying Stocks Even Though "Hell Is Coming" appeared first on Money Morning - We Make Investing Profitable .
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