Commentary Wall Street loves acronyms nearly as much as the United States military, so it was inevitable that some wag–reportedly CNBC stock picker Jim Cramer–came up with “FAANG” to mean Facebook, Apple, Amazon, Netflix, and Google somewhere around 2013. Of course, the FAANG acronym is now obsolete, given that Facebook has become “Meta” and Google has become Alphabet. Still, the average investor, analyst, and broker knows what you mean when you use the acronym, much like Kleenex has become synonymous with facial tissue. FAANG today has come to mean the largest tech companies. But “the largest” is always disputable. Some argue that Netflix doesn’t belong among them. Some say MicroSoft should go. But there is little doubt that it is the tech companies–the growth stocks–that have driven much of the NASDAQ market growth–and markets generally–since the 2008 Financial Crisis. But looking at the history of the market in light of the …