Monday, November 12, 2012

There is one part of the economy Obama excels at stimulating: Gun sales...

The stock market lost 3% after Obama was re-elected. Gun company stocks went the opposite direction. 

Via The Telegraph:
Owners of guns have been stocking up because they are concerned about a potential tightening of regulations on assault weapons in the president's second term.
In October the number of background checks on people applying to buy guns, an indicator of future sales, increased by 18.4 per cent.
There was a similar jump when President Obama was first elected in 2008. A total of 12.7 million background checks were carried out that year, up from 11.2 million the year before, and the number has been rising since then.
Shares in weapons manufacturers like Smith & Wesson and Sturm, Ruger also surged after Mr Obama's re-election.

1 comment:

Unknown said...

Actually I think gun owners like myself are afraid of prices going up on things like ammo and weapons themselves. Assault weapons are an issue too but not one I am focusing on right now. I figure a new tax on bullets will be gigantic.