Even Bailouts Have Winners and Losers
Fed interference in the markets appears on the surface to benefit everyone. A bailout is a bailout, right? That's not how it works in reality, however. There are always bettors on both sides of the bet. The Fed's last intervention, at the last possible moment before index options expired, hammered those who were betting the markets would fall. You have to wonder if those who were bailed out got to take a nice fat options position the night before. And how much they "donated" to political candidates last season.