The Howard Lindzon Show: The Degenerate Economy Has Turned Against Robinhood and Is The Market Too Rigged?

Good morning…

I had a brutal accident a few days back (a finger was severely damaged) and just getting back to a keyboard so the weekly show here is a little late. It was taped pre accident. I was lucky to have a great hand surgeon on emergency duty. I appreciate all the well wishes.

Onward…

This weeks show starts with a hype check: the Cashtag Awards are back May 4th at the New York Stock Exchange. Last year overflowed and this year there’s room for 500 people, Polymarket is the title sponsor, and Nathan McIntosh is bringing the comedy (plus special investing guests and plenty of side chatter).

Then we get into the Degenerate Stock of the Week: Clear ($YOU ( ▼ 10.69% ) ). With TSA issues creating massive airport lines, Clear is catching a wave of “I can’t go back” adoption. I added the stock to my degenerate economy index a few months back and for those that followed along…’booyah’. Agian, I share all my ideas and budys and sells on Stocktwits and it is easy to follow along if you want.

From there, we went bigger-picture: young traders discovering “the market is rigged,” the idea that “someone always knows,” and why you don’t want to live at the “line of scrimmage” reacting to every real-time headline. The Truth Social layer adds a new twist to information flow, so I added the ability to follow his posts in real time on Stocktwits.

Finally, the Robinhood ( $HOOD ( ▼ 5.66% ) )backlashthe stock is down as the company continues to lean hard into prediction markets and betting, so a small portion of loud revolters has emerged. Betting and investing are not the same and the mob is letting the company now as the stock is the worst performing this year in the S&P.

You can see all the topics below and skip around however you like…

JUMP TO THE GOOD STUFF:

• 0:05 - Cashtag Awards hype: NYSE venue, bigger crowd, Polymarket sponsor

• 1:00 - Voting is live: cashtag.stocktwits.com + May 4 details

• 1:52 - Degen Stock of the Week: Clear ($YOU ( ▼ 10.69% ) )

• 4:39 - Is it too late after the rip? How to follow the story

• 6:21 - “If you’re going to panic, do it first” — are we in panic yet?

• 7:05 - Casino rule: if you don’t know who the sucker is, it’s you

• 8:41 - “Someone always knows” + the rabbit hole traders fall into

• 9:38 - Truth Social as a new info layer and why it matters

• 11:03 - Trust erosion and why it’s dangerous for markets

• 13:14 - “Stay away from the line of scrimmage” investing advice

• 14:06 - The chaotic 60-minute window: positioning before the post

• 15:53 - Why this is different from the old “Goldman boogeyman” era

• 18:48 - $HOOD ( ▼ 5.66% ) backlash: too much betting inside an investing app

• 19:26 - Mob psychology: heroes on the way up, villains on the way down

• 22:05 - “Robinhood’s next food poisoning” branding moment

• 23:02 - Prediction markets aren’t going away — tough conundrum

• 24:25 - Stocktwits: pseudonymous ideas, no trading attached

• 25:57 - Why “seeing people’s trades” isn’t the edge you think it is

• 27:09 - Tease: new product/streams coming in the next 3–6 months