Did The Rally In Stocks Just End? | Lance Roberts

**SPEAKER_1** (0:00)
Not all meals are created equal.

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For instance, breakfast has a spicy egg with muffin for a limited time, and lunch doesn't.

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McDonald's breakfast comes first.

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**Lance Roberts** (0:41)
As we've been talking about for a while, you know, the market's set up here for decent correction. So the Bears are going to have a bit of a victory lap, potentially over the next month or so.

**Adam Taggart** (0:57)
Welcome to Thoughtful Money, I'm Founder and your host, Adam Taggart, welcoming you here back at the end of the week for another weekly market recap featuring my good friend, the verdant Lance Roberts. Lance, how are you doing?

**Lance Roberts** (1:09)
I'm fine, how are you today?

**Adam Taggart** (1:10)
I'm doing good. First off, Lance, Rabbit Rabbit, it is the first of the month, August 1st, as we're recording this. Don't know if you guys have that tradition in Texas, but I grew up in New England and you were supposed to say, the first words out of your mouth on the first day of every month are supposed to be Rabbit Rabbit, so you have good luck all month.

**Lance Roberts** (1:29)
Rabbit Rabbit. It's too late though, I've been talking all morning.

**Adam Taggart** (1:31)
Oh, really? Maybe in Houston, you guys say something like Armadillo Armadillo?

**Lance Roberts** (1:37)
It could be Possum Possum. I don't know.

**Adam Taggart** (1:42)
Well, look, I picked Verdant as your adjective for the week because we're going to keep this one short, folks, because literally I have to go to the airport right after this. Flying off to Ireland, I think I've let folks know that in the past. My daughter has been finishing up a study abroad trip this summer, so I'm going to meet her there for a little dad daughter time in Ireland. I can't wait. First off, hopefully, you won't really notice I'm gone because we'll be releasing videos on the normal schedule. I pre-recorded a few. We've got a really good lineup coming. We've got Michael Howell tomorrow, the day after this video airs. Then we have Jeff Clark talking about the opportunity in mining stocks, which he sees as being very high still.
Then I've got Joel Salaton, a little bit different fare. But those of you who saw my previous video with Joel, understand he's one of the best people in the world, but doing one of the best things for the world in terms of helping our food systems shift to sustainable farming and investment that's very important for society. Then right before we get back, we'll have the video with Greg Lukianoff, one of the co-authors of The Coddling in the American Mind. You probably heard me mention that once or twice leading up to this week. I'm very proud of that discussion. I think you're going to find it really important, but also just really one of the better interviews I've done on this channel. So all that's ahead this week.
Let's see, real quick, I wanted to thank everybody who helped me plan this trip. I had a bunch of people from Ireland sending me suggestions, many of which I've taken. I don't have a lot of time there with my daughter. Just FYI, if you're in the area, I'm going to be on the Aran Islands for our first day there. Then we're going to do the Ring of Kerry. Then I'm going to head up to the Northwest for a little bit. But on Wednesday, I might have time to do a little meet up in the Galway area. If you're in Ireland, you might be interested in that. Let me know in the comment section below and I'll try to get the word out. It looks like at the very end of the trip, Lance, I'm going to hop over to the UK and go visit Sven Henrik. So hopefully, there's going to be some clips on my ex account of me actually chopping wood there with Sven next to his famous woodpile. So anyways, if you don't already follow me on ex folks, go to Atman Little Bear and you can hopefully follow along in the journey. All right, Lance, well, look, busy week, a lot has happened this week. I got one question for you. Is it time for the bears to just put on their horns? Is it time to just love the bull market and just get comfortable with it?