First American pope elected and will be known as Pope Leo XIV

Re:First American pope elected and will be known as Pope Leo... by PaulHoule on Thursday May 08, 2025 @02:35PM (#43929664)

I used to be a CNBC junkie. Before there was crypto I used to enjoy adopting a penny stock and watching the ticker for it very closely; you can learn a lot about market dynamics when you are trading a stock where you buy $2000 of stock and that is 30% of the volume for the day. (Try $KBLB for a stock where if you think the price is too high or too low you will find that both opinions are vindicated if you wait long enough.)

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Re:First American pope elected and will be known as Pope Leo... by Dylan16807 on Thursday May 08, 2025 @03:30PM (#43930360)

And that's a million people doing that versus a billion people hearing about the pope.

(very very rough numbers of course)

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Re:First American pope elected and will be known as Pope Leo... by PaulHoule on Thursday May 08, 2025 @04:26PM (#43930942)

Also those trades occurring "millions and millions" of times a day as opposed to a new pope every decade or so.

The comparison that I think matters is that the Pope and the Dalai Lama are the best-known religious leaders there are. I mean there used to be Billy Graham and the Ayatollah Khomeini but I think most people would struggle to name the leader of the Methodist church or Nichiren Buddhism or a rabbi of my than local importance.

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Re:First American pope elected and will be known as Pope Leo... by Dylan16807 on Thursday May 08, 2025 @04:45PM (#43931141)

Is that supposed to affect the comparison? A million trades seen by a thousand people each* isn't impressive, and numbers like that happen in all kinds of situations.

This is about the huge number of people knowing about a single event right away.

* I say a thousand here because even someone glued to every number on CNBC is parsing nowhere near millions of numbers. A much smaller sliver of people will see each of those individual trades.

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Re:First American pope elected and will be known as Pope Leo... by crazygringo on Thursday May 08, 2025 @03:29PM (#43930348)

That's great. Not sure what it has to do with the conversation though?

Nobody is claiming nobody follows stocks.

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