Now that the 'Sound of Trumpets' sell-off has gained steam, investors can go back to doing what they should have been doing all along - buying good stocks at reasonable prices. The mania over AI, like all fevers, has finally broken. In a classic case of "emperor has no clothes," the SpaceX bond prospectus has completely spooked stockholders into selling. I can just imagine what its "Material Risk" section contains. It must read like a science fiction novel - or maybe a Shakes

Now that the SpaceX IPO has cleared the launch pad and is headed towards Mars, the market can go back to chasing its tail. Or should I say tale - like the one that brokers are telling clients. Can they continue to entice clients to pile into the AI momentum trade? Or should they diversify their risk in a market that continues to focus on a single theme? The FOMO induced rally is running on fumes as the surge in supply - IPOs and debt issuance - is matching the incremental dem