"A million trolls on the internet saying 'I told you so'"

Is this week's correction to the stock market's seven-month streak a pause or a first puncture of the "AI bubble"?

Medley Advisors analysts held their weekly meeting just after the first jitters and rally following Nvidia's earnings report but before the aggresive intra-day sell-off on 20 November. They discussed the meaning and causes of the correction, the impact of AI on Federal Reserve policy thinking, and the latest developments in US trade policy.

In this abridged and edited summary of the meeting, the speakers are (in order) Dan Schwartz, Michael Redmond, Pepijn Bergsen, Fernando Posadas and Brian Jackson. 

"I don't think the bubble talk is going away," said Dan Schwartz. "The nature of the media has changed so much that you're going to hear a lot more of these voices ... If you go back to the Nasdaq bubble, think about who were the biggest voices on tech - it was probably Maria Bartiromo and Ron Insana on CNBC and they were cheerleaders for the sector. Today, you have a million trolls on the internet saying 'I told you so' or being champions of the technology".