Terminator 2: Judgment Day. It was arguably the best action movie ever made. The death scene of the T-1000, never have I breathed such a heavy sigh of relief as when the disfigured T-800 comes riding up that giant gear thing and shoots that final shell into the T1000, and that hunk of liquid metal evil falls backwards, squealing, into that tub of molten glop. What happens then is freaky. The T-1000 writhes and screams, transforming, one by one, into each one of the people it had terminated along the murderous course of its existence. (And by the way, when there are two Sarah Connors on screen, it’s not a trick. Linda Hamilton has an identical twin sister named Leslie.)

When I look at stocks today, I picture that scene. The capital markets are really nothing more than a dying T-1000 killing machine morphing into each sector it has inflated and destroyed over the decades, as the trillions in monetary fuel keeping it all going slide into different sectors completely erratically, jerking around faster and faster in a frightening spin. It started out slow after interest rates peaked in 1980. In the 1980s it was junk bonds. Then in the late 1990s, tech stocks. Then in the 2000s housing. Then BTC, FANG stocks, the short squeeze mania led by GameStop that died off in just days, and now the unpredictable herd has descended on penny stocks generally. See Google trends for “penny stocks”, below:

Well, if that’s how the game is played and you want to gamble, then let’s gamble. I can’t call any of this investment. All it is, is people out of jobs, flush with unemployment checks and direct payment cash and mortgage moratoria, or state/municipal workers who haven’t missed a paycheck but still get to benefit from all this anyway besides, looking for something to do because everything else is closed.

I wouldn’t go so far as to say “If you can’t beat’em, join’em,” because this is all going to end badly soon. But it may be worth putting a few 0 bets on the roulette table and seeing if you can win the 35:1 payout. The herd is running around, looking for new targets every day. We saw what they did with GameStop. We’re seeing what they’re still doing with BTC. Let’s see how far they can push the microcap complex before they morph into and ravage the next thing. If you can’t gamble in casinos anymore, why not gamble on them? Just don’t put in what you can’t afford to lose. This is like placing a bet on what you think the writhing T-1000 is going to morph into next in its death thralls. It’s not investing, let me just make that very clear.