Exclusive: Waddell is mystery trader in market plunge!

Discussion in 'Wall St. News' started by crgarcia, May 17, 2010.

  1. 05/14/2010 5:31:13 PM ET
    NEW YORK (Reuters)輸 big mystery seller of futures contracts during the market meltdown last week was not a hedge fund or a high frequency trader as many have suspected, but money manager Waddell & Reed Financial Inc., according to a document obtained by Reuters.

    http://www.reuters.com/article/idUSTRE64D42W20100514
     
  2. S2007S

    S2007S

    No one has a clue as to what happened on May 6th, lets just keep it at that, everyday there is another reasoning for that drop.
     
  3. the1

    the1

    It was the Fed telling the government to shove their audit bill up their ass.