GameStop frenzy leads to unrealistic expectations for returns


CNBC’s Jim Cramer on Thursday questioned “are prices real” on Wall Street anymore, as he exasperatingly tried to explain GameStop‘s rally of as much as 175% over the past two days.

“I think the average American right now is trying to figure out how do I find a stock that triples,” Cramer said on “Squawk on the Street.” “‘Forget what you guys are talking about with the FAANG. I want a triple.'” FAANG, an acronym coined by Cramer, stands for big tech stocks — Facebook, Amazon, Apple, Netflix and Google parent Alphabet.

“It is what people want. They want a triple. That’s not necessarily what we can provide,” the “Mad Money” host said. “Robinhood wants it. WallStreetBets wants it,” he added,…


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