Gun Control & RKBA

GreenStormCloud

(12,072 posts) Thu Nov 8, 2012, 02:27 PM Nov 2012

Smith & Wesson, Ruger stocks jump after Obama win [View all]

http://www.latimes.com/business/money/la-fi-mo-gun-sales-smith-wesson-obama-20121107,0,5868311.story

While investors moping over President Barack Obama’s reelection sent the Dow spiraling down more than 300 points Wednesday morning, one sector is seeing a surge: gun manufacturing.

Firearms maker Smith & Wesson Holding Corp. surged 10.8% to $10.48 a share in morning trading, more than double its price at the beginning of the year.

Sturm, Ruger & Co. Inc. got a 6.4% boost to $47.48 a share, a 39% increase from early January

SNIP

In October, the number of firearms background checks performed on potential gun buyers jumped 18.4%, according to the FBI, as cited by Benchmark Research. The data is considered to be a leading indicator for future gun sales.

More at link

10.8% overnight jump! 18.4% October jump in NICS checks! Wow! That is a lot of guns being purchased. Each of those people is investing a few hundred dollars in a gun, or thousands in several guns. Those people will have a strong interest in keeping those guns and will be ready to fight against any gun control legislation.

Has anybody seen any jump in Brady or VPC enrollment?

46 replies

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Smith & Wesson, Ruger stocks jump after Obama win [View all] GreenStormCloud Nov 2012 OP

Crazy and scary - and this isn't really news, either. codjh9 Nov 2012 #1

Actually it news, and is neither scary or crazy. Also not unexpected ProgressiveProfessor Nov 2012 #20

Well of course it's not unexpected, and it's happened a lot when Obama has been prez. That's all codjh9 Nov 2012 #23

Because there is not a related rise in violence ProgressiveProfessor Nov 2012 #27

Not replying to that. codjh9 Nov 2012 #28

Why? If you can not defend your views, then what good are they? oneshooter Nov 2012 #29

It's not that I can't defend them. It's that I don't come to this forum to argue with people. codjh9 Nov 2012 #31

Ummm... the entire point of this forum is to debate issues. PavePusher Nov 2012 #37

I didn't 'come to this forum' on purpose ... I saw this particular post on the latest threads, which codjh9 Nov 2012 #38

"...people don't tend to argue much on those." PavePusher Nov 2012 #39

It makes sense ... what with the impending GOP civil war and all. JoePhilly Nov 2012 #2

I got invited for sail, and the asshole skipper started whining about Obama confiscating guns Kolesar Nov 2012 #3

Does not compute rl6214 Nov 2012 #12

I wouldn't sail with him either; sounds like he puked on his MIC. nt Eleanors38 Nov 2012 #40

Most of Those Guns are Being Purchased to be Used On Us AndyTiedye Nov 2012 #4

Nah, most are being purchased to sit in a safe and increase in value. Atypical Liberal Nov 2012 #5

Speculators Wouldn't Wait Until After the Election to Buy AndyTiedye Nov 2012 #17

They do if they think their guy is going to win. Atypical Liberal Nov 2012 #34

If you really believe that, then.. MicaelS Nov 2012 #7

are we criminals? ileus Nov 2012 #8

Why Would Those Buying Guns to Protect Themselves Against Criminals... AndyTiedye Nov 2012 #16

Because they are afraid he will push through gun control legislation. N/T GreenStormCloud Nov 2012 #19

Through the GOP-Controlled House? Riiiiiiight AndyTiedye Nov 2012 #25

I didn't say they were rational in their fear, only that they were afraid. N/T GreenStormCloud Nov 2012 #26

I saw a woman in Wally world this evening buying two 22 rifles... ileus Nov 2012 #24

That is a rather extreme statement. ... spin Nov 2012 #9

The Teabaggers are Rather Extreme AndyTiedye Nov 2012 #18

I don't expect the Tea Party will ever overthrow the government by launching ... spin Nov 2012 #36

Who is us? Murder is dropping ProgressiveProfessor Nov 2012 #21

Back off the paranoia a bit. Most guns purchased aren't going to be used on you... Eleanors38 Nov 2012 #41

I Was Referring Specifically to those who Rush to Buy Guns After Obama Wins AndyTiedye Nov 2012 #43

I really don't see it, even as you condition your statement. Eleanors38 Nov 2012 #44

I'm really thinking about a M&P 45. ileus Nov 2012 #6

People aren't so afraid of the NRA anymore and upaloopa Nov 2012 #10

How come you never came back to the thread where you claimed the shooter was law-abiding? GreenStormCloud Nov 2012 #11

Crickets CokeMachine Nov 2012 #13

I think I've read upaloopa Nov 2012 #14

So when you're caught lying you just go away? DonP Nov 2012 #15

Have you learned anything? ProgressiveProfessor Nov 2012 #22

There is the possible explanation of Thug Love.nt Eleanors38 Nov 2012 #45

TOO FUNNY fightthegoodfightnow Nov 2012 #30

So ... Straw Man Nov 2012 #32

Nonsense fightthegoodfightnow Nov 2012 #33

So ... Straw Man Nov 2012 #35

So you wouldn't ban AWs? Wouldn't ban 10+ magazine capacity? Support registration? etc.? nt Eleanors38 Nov 2012 #42

Leading indicator: Hopefully, Gallup will continue to profile Eleanors38 Nov 2012 #46