Jim Cramer Says the Meme Stock Hype Is 'Waning'

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Are there two camps of investors? 

"It's always nice to see investors who do their homework and act logically get rewarded with excellent gains, while hubris and speculation strike out, Jim Cramer told his Mad Money viewers Wednesday," TheStreet's Scott Rutt wrote in his Mad Money recap.

"Cramer said he wouldn't be worried about the continued meltdown in the meme stocks, investors should just stay diversified in companies with great earnings," he continued. "The stock market is currently made up of two camps. In the first camp are the speculators, those making big bets on meme stocks and cryptocurrencies."

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