Jim Cramer on Fundrise Growth Tech Fund: “Trading at Over 16 Times Its NAV, That Is Pure Lunacy”

What: Jim Cramer criticizes Fundrise Growth Tech Fund for its high valuation, calling it 'pure lunacy'.
Why: Cramer believes the fund's price of over **16** times its net asset value (NAV) is unsustainable.
Signal: Cramer's comments may indicate a potential market correction or a shift in investor sentiment.
Target: Investors may be advised to reassess their investment strategies and consider more value-oriented options.
Risk: Investors who hold the Fundrise Growth Tech Fund may face potential losses if the market corrects or the fund's valuation declines.