It is entertaining to listen to the pundits offer probabilities of the next move by the FOMC. It really shouldn't matter what they do as long as you know what your're doing. We have been professing the virtues of being long this market for some time as the record shows and still we remain heavily long futures, options and stocks. Should the FOMC raise rates, that could create a short term drop that would likely put pressure on these positions; but money management would kick in and likely reduce some exposure but hang with the position until the market settles. Worst case scenario we take losses which is part of this business. Now the upside is, the FOMC holds rates and the market continues to make new highs and our long positions profit. Again money management would require taking some profits at the new price levels and letting the markets settle.  Let the fun begin......