Ron,

Great article and resources provided here. I have been playing volatility ETF's for about a year and half and must admit that things are starting off pretty shaky for markets here in 2016. Last year around August 2015 XIV - ETF which mirrors the S & P 500 Index was at almost 50.00 as of today it is down around 16.00. It hasn't been that low for at least 3 to 4 years from charts I have looked at.

25 basis points isn't even a 1% hike on the interest rate which has been at zero for almost 8 years or so... I don't think the Fed can afford to raise the interest rates much higher. This was a concern from the IMF dating back the last 6 months of 2015.

It will be interesting to see how much lower oil goes with the over supply going into the markets. Any thoughts on what you think the price of oil per barrel will go once Iran dumps their supply onto the markets?