Sure, I'll weigh in. You're correct, the President, Congress, and everyone else including the markets just brush off Iran like it's nothing.
Meanwhile oil is $103, and there's a real danger of a geo-political event. As usual, the US is not pro-active, they're reactive.
Any shock or exogenous event will spike VXX with a huge gap up. Yes, the markets are manipulated, but as usual, the SEC is behind the curve....and yet you may know that Congress is above the law when it comes to insider trading.