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.