Jim Cramer To AMC, GameStop Retail Backers Says Find Yourself A 'Boomer' Or Trust Fund: 'You Will Need Them'

CNBC host Jim Cramer has advised Reddit traders who back AMC Entertainment Holdings Inc. AMC and GameStop Corp. GME to find “a boomer or a trust fund,” saying that the traders will need them.

What Happened: Cramer took to Twitter to make the comments, but added that he was “just kidding.”

Cramer warned he is going into overdose mode for the “self-destructive made up name memesters.” He also noted he was able to contribute to the "saving of the apes” and loves people who are interested in the markets.

The newer shareholders of AMC Entertainment and GameStop are retail investors who call themselves “apes.”

See Also: Is Now The Time To Buy Into GameStop, ContextLogic (Wish), Or Zoom?

Why It Matters: Cramer’s comments come following the sell-off in the U.S. stock markets on Monday, which he had termed as the “end of euphoria.”  He had cited the stream of “meme-a-day” stocks as one of the factors that sent stocks lower.

Cramer’s latest tweets reflect a continuation of his tirade against Reddit’s r/WallStreetBets forum.

In June, Cramer had advised the WSB forum to remain focused on AMC Entertainment and GameStop, as “too much money” was being lost on other stonks — stocks that are favored by retail investors.

WSB is best-known for short squeezes conducted in stocks like GameStop and AMC Entertainment earlier this year. Shares of the two companies have surged amid the retail trading frenzy.

However, a fresh crop of stocks is also seeing increased interest from retail investors.

Price Action: AMC Entertainment shares closed almost 1% lower in Monday’s trading at $34.62, while GameStop shares closed 2.6% higher at $173.49.

Read Next: AMC Strikes Deal That Will See It Reopen Two Of Top-Grossing Movie Theaters In Los Angeles

Photo: Courtesy of Andreas Praefcke via Wikimedia