The meme stock craze is back , but hedge-fund titan Boaz Weinstein said he wants nothing to do with it.
The resurgence of meme mania began late Sunday when " Roaring Kitty ," the man who first ignited the meme stock phenomenon through GameStop in 2021, posted on X for the first time since then.
Beyond meme stocks, Weinstein said there's sure to be plenty of volatility in the "foggy" market in the months to come, citing inflation, geopolitics and the upcoming U.S. presidential election.
When you put all that together … we're going to have a credit crunch in the next couple of years if things don't change."
"Maybe in both cases, there's going to be plenty of volatility, and I'm quite excited for it," he added.
Persons:
Boaz Weinstein, Weinstein, CNBC's, there's, … we're, Donald Trump
Organizations:
Saba Capital Management, GameStop, AMC