Waddell CEO Hermann Blamed Greece For Market Crash

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It had nothing to do with us selling 75,000 S&P e-mini futures. Via the Kansas City Star

As police battled demonstrators, investors grew increasingly worried a coming bailout of Greece wouldn’t rescue it from default.

“The market is saying it ain’t going to work,” said Hank Hermann, chief executive officer of Waddell & Reed, speaking Thursday at a previously scheduled financial conference in Kansas City. “We’re going to see how this turns out in the very near term.”

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