Increased AI bear sentiment and rotation into defensives is a contrarian bull signal, not confirmation of a top

The last two weeks I've seen more "AI bubble" posts, YouTube videos, and finance threads than the past six months combined. Traders in my circle are rotating back into dividend stocks and industrials. Defensive portfolios are suddenly cool again. And I think this is the signal most people are misreading. Bubbles don't burst when everyone's nervous. They burst when every taxi driver, barber, and college student is leveraged long on the theme. We are nowhere near that. I don't know a single person