Why ETFs can be dangerous for stocks and investors

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The rise of exchange-traded funds has made entire groups of stocks “nothing but chits in a bizarre game of stock market roulette,” CNBC’s Jim Cramer said Thursday.

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“The FANG stocks Facebook, Amazon, Netflix and Google, now Alphabet are in 10 different ETFs, so on any given day, their movements tend to be driven by the action in the ETFs and not the other way around,” the “Mad Money” host said. “The tail is…

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