Is Worry Dead? Nearly All Assets Are Rising Now | Lance Roberts

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**Lance Roberts** (0:59)
And the accumulator model, which is for people just starting out investing, it's just a basket of some very basic S&P index, NASDAQ, small cap, mid cap, international. That one's upset six and a half percent in 15 days. That should not be happening, right? All these asset classes should not be running together at the same time. You should have some divergences. But that's just how much speculative activity you've got going on the markets right now.

**Adam Taggart** (1:32)
Welcome to Thoughtful Money. I'm Thoughtful Money Founder and your host, Adam Taggart, welcoming you back at the end of the week for another weekly market recap featuring my very good friend, the gobsmacked portfolio manager, Lance Roberts. Lance, how are you doing?

**Lance Roberts** (1:45)
Why gobsmacked? That's a good one.

**Adam Taggart** (1:47)
Because there is so many things going on that I can't wrap my brain around, Lance. I got a ton of them here. This is gonna be a real interesting list to get through if we can get through the whole thing this week.

**Lance Roberts** (1:59)
We'll go fast. I'll keep my answers short.

**Adam Taggart** (2:02)
Okay. Well, good luck. First, just to nod, we are recording this on 9-11, an event that gobsmacked the country and the world, I think that we still are recovering from. It was one of those events in history that literally just changed the course of history.
I got a lot of friends who were firsthand witnesses to it. I'm sure you probably do too, Lance.

**Lance Roberts** (2:29)
I lost friends in that.

**Adam Taggart** (2:30)
In that? Yeah. And I'm sure enough the financial community watching here that we have a lot of folks that have done the same as well. So anyways, just taking a moment to remember what went on then and the, you know.

**Lance Roberts** (2:46)
Do you remember what you were doing at the moment the plane hit the tower?

**Adam Taggart** (2:51)
I hate to say this, I was actually asleep.
I woke up because I was on the west coast. Yeah, so I woke up and we were still, we were just about to become parents for the first time. And my wife had gotten up and had just left. And we were staying at her parents. And I woke up and I was kind of groggy. And her, my mother-in-law was just walking around saying, they're gone, they're gone. I didn't know what she was talking about. And then she finally came out of the buildings, the wood buildings, right? And then, of course, got to see the aftermath of this and went into work. I was working for Yahoo Finance at the time. And we had a group of people that were on a plane going to Manhattan for meetings that day that got turned around. And fortunately, they were safe, but they were going to meet with Cantor Fitzgerald, which was one of the floors that was taken out by the plane.

**Lance Roberts** (3:42)
Which is actually, I had two friends that worked for Cantor at the time that didn't make it out of the building.
But it's interesting, there's these events in history that happened where you can remember exactly what's going on.
We were in a high-rise building here in Houston, and we were on the 11th floor of this firm I was working for at the time. And one of my coworkers had this little television in his office, and this was back in the day, they had rabbit ears and stuff, so just to let you know how long it's been. There was a little 9-inch black and white television. And I walked into his office because the market had just opened, right? Things were just getting off the ground in the morning. And I walk in his office, and there's all of a sudden the news shifts over, and there's this building kind of with smoke coming out of it. And I'm looking at my coworker and going, how does a plane hit a building? They have GPS and navigation and all this stuff. How does a plane fly into a building? And how can that possibly even happen? And to your point, kind of gobsmacked at just how this could occur. And then right then was the second plane building. And then it was kind of all sunk in that what was going on. But yeah, I mean, there's a few things in life you can remember very vividly that occur. And 9-11 was definitely one of those.