I know looking back at Baiul now it seems most don't believe she was going to win anymore big titles. For lots of reasons. People saw what happened to her body, attitude, and her injuries and skating (even as a pro) years after. People like Kwan and Lipinski brought the technical requirements higher than what they were when Baiul was winning, and Baiul wasnt even doing as much technical content as her rivals then. Also some of the emperor new clothes theory was at play with her, and people realize she wasn't this amazing artist and skater she looked like she was somehow.
However what did you expect back in 94 when she had just won the Olympics, after winning worlds the year before. At the same time many were predicting her to dominate the next 10 years. It looked like she had her future all in front of her, and would only get better. While there were some up and comers like Szewcenko, 13 year old Kwan, and others, Baiul already had a big lead on them and it seemed she would be hard to be caught. What did you expect.