The Waiting is the Hardest Part with Vincent Daniel and Porter Collins

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 4 November 2022

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy, Dan, and Danny are joined by Vincent Daniel and Porter Collins to discuss exercising patience in this market environment (1:00), grading Fed Chair Powell’s speech this week (4:00), the bull case for energy stocks (21:30), the difference between the Dow Jones Industrial Average and S&P 500 (25:20), crude oil volatility (27:30), an update on Dan’s short dollar (UUP) trade (45:40), and Danny’s NFL picks (47:00). Later, Danny, Vinny, and Porter ask “what are we doing?” and take listener questions (1:01:40), plus they separate fact from fiction in “The Big Short” movie (1:04:50). Check out our show notes and transcript here ---- See what adding futures can do for you at cmegroup.com/onthetape. ---- Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Subscribe to our YouTube page

Transcript

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0:00.0	We've reached the month of November here on the On the Tape podcast.
0:05.5	And what better way to ring in November than to have, of course, Dan Nathan,
0:10.5	the extraordinarily handsome but very pedestrian in his NFL picks, Danny Moses,
0:16.9	the Olympian Porter Collins, and my alter ego, the man who shares the very same traits that I do,
0:26.3	although we root for different teams, the very handsome Vinny Daniel, all here today on the on the tape podcast.
0:34.3	It's crazy.
0:35.1	So I try to, on the car ride in, and sometimes days before, I try to think of a title for the podcast. It's crazy. So I tried to, on the car ride in, and sometimes days before, I try to think
0:39.6	of a title for the podcast. By the way, you are listening to the On the Tape podcast, as I mentioned.
0:45.3	And I came up with something. Now, bear with me, gentlemen, because I'm sure you all have
0:50.0	something to say about this. In 1981, Tom Petty released Hard Promises. That was his album.
0:58.3	On that album, the song The Waiting, and of course people say is the hardest part. And I'm saying to
1:04.4	myself, you know, in the environment that we find ourselves in, Vinnie, the waiting is the hardest
1:10.4	part. And what does that mean? Everybody
1:12.0	wants to be that asshole that says, this is the bottom. The bottom is in, Elaine Garzarelli, or they
1:19.0	want to be Mark Haynes 12 or so years ago to call that bottom. But as it turns out, false promises,
1:26.9	hard promises. Talk to me about that, false promises, hard promises.
1:28.5	Talk to me about that, Vinny, because I think in this environment right now, given where we are, we're at the part of the cycle where, in fact, the waiting is the hardest part, Vinny.
1:41.2	100% agree.
1:42.9	See that?
1:43.5	I knew it. I knew it.
1:44.5	I knew it.
1:45.2	So I'm also going to take you eight years forward to 1989.
	...

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