Stocks of Gun Companies Fall After Newtown Shooting

[LeftInTX]

Stocks of Gun Companies Fall After Newtown Shooting



In the wake of the shooting in Newtown, Conn., the stock prices of two publicly held companies that specialize in gun manufacturing fell sharply. The chart shows that the stocks of Smith & Wesson Holding Companies and Sturm, Ruger & Co. were basically treading water through much of the day, but then fell about 4 percent in the afternoon as details of the horrific episode became apparent.

As was usual in the case of such events, calls for gun control were muted. But the stock market is famously a futures market; investors try to anticipate what might happen to companies in the future. And it’s reasonable for shareholders to think that events such as this might spur measures that would make it more difficult for people to buy guns

http://www.thedailybeast.com/articles/2012/12/14/stocks-of-gun-companies-fall-after-newtown-shooting.html

[Elwood P Dowd]

1. But watch sales increase next week

as the right wing whackadoodles rush out to buy up everything after Fox and Limbaugh give them their marching orders.

[doc03]

2. Tomorrow will be record day for gun sales, military style,

Glocks and Sig Sauers in particular.

[aandegoons]

6. That is what normally happens.

And I think it tells us a lot about the gun nutters, and why they should be the last people in America to own a firearm.

[Lone_Star_Dem]

3. Why?

It seems more likely to fuel the "they're going to ban XYZ gun, buy them now before they're illegal," crowd?

I heard gun & ammo sales have been through the roof since Obama took office. The NRA true believers keeps pushing the meme that he's going to steal their guns. As a result, all the minions have driven the sales, and prices way up.

[Zoeisright]

4. That's a good start.

Wipe them off the face of the earth.

[Historic NY]

5. Not to worry, they are Conn. area companies.....

they will recover.