BU54

Why gun stocks soared after Obama's win
In a repeat of 2008, traders anticipated an increase in firearm sales after the election.
By Kim Peterson

In a reaction that surprised absolutely no one, investors rushed into gun stocks after President Barack Obama's win, expecting firearm sales to soar soon.

Gun makers Smith & Wesson Holding (SWHC +3.64%) and Sturm Ruger (RGR +4.90%) rose sharply Wednesday in a repeat of sorts of the response to Obama's first presidential victory in 2008. The stocks were up again in Thursday's trading. Gun stocks have performed well over the four years of Obama's term. Sturm Ruger, for example, rose from $7.04 on Election Day in 2008 to $50 Thursday.

But investors think the stocks have farther to go, propelled by fears that Obama will crack down on guns in his second term.

Sturm Ruger shares rose 6.8% Wednesday and another 4.8% Thursday. Smith & Wesson shares rose 9.6% Wednesday and another 3.8% Thursday. By comparison, the Standard & Poor's 500 Index ($INX -0.40%) fell nearly 2.4% Wednesday and was down slightly Thursday.

The National Rifle Association certainly contributed to fears of expanded gun control in Obama's second term. "An anti-gun Supreme Court, a U.N. Arms Trade Treaty, and a sweeping gun ban aren't just a possibility in a second Obama term," the association's CEO, Wayne LaPierre, wrote on the group's website. "They're a near certainty."

But Obama hasn't taken much action on gun control. In fact, he signed legislation allowing loaded guns into national parks and on Amtrak trains. Still, in the second presidential debate, Obama mentioned the possibility of keeping automatic weapons out of the hands of criminals and the mentally ill.

"Part of it is seeing if we can get an assault weapons ban reintroduced, but part of it is also looking at other sources of the violence, because frankly, in my hometown of Chicago, there’s an awful lot of violence, and they’re not using AK-47s, they’re using cheap handguns," he said.

That comment may have triggered a consumer fear that gun sales will see tighter regulations. In October, the number of federal background checks on potential gun buyers rose 10.6% from the month before to 1.61 million, according to the FBI.

LINK
http://money.msn.com/top-stocks/post...9-b087132d00bb

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Bears always have and always will need a quarterback!! But not a MLB.


10-7-07 Bears 27,Packers 20
12-23-07 Bears 35, Packers 7
Then Brett Favre became a Jet...

Major Seahawk

Is that why you voted for him BU?

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BU54

You really are an idiot...I mean a Seahawk fan.

__________________
Bears always have and always will need a quarterback!! But not a MLB.


10-7-07 Bears 27,Packers 20
12-23-07 Bears 35, Packers 7
Then Brett Favre became a Jet...

Major Seahawk

What its a serious question

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Canadian Speed

So... How does everyone feel about this anyhow? Anyone think he'll get shot with some of those guns? I really haven't heard anything either way, so I'm just playing the part of the snoop... He, if everything goes well this election, you could all be getting some nice new teeth and all of those operations you all desperatly need...

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BU54

Easy now CS!! Talk about pouring salt in the wound.
That's all I can say cause I dont' want the FBI,CIA and ATF at my door.

__________________
Bears always have and always will need a quarterback!! But not a MLB.


10-7-07 Bears 27,Packers 20
12-23-07 Bears 35, Packers 7
Then Brett Favre became a Jet...

Canadian Speed

So... How do you feel about those that want to "Opt Out" of the United States of America? I just read that most of the Southern States want to leave the union... Some might say that this is treasonous... And goes against what most "red blooded" Mmmericans would consider to be patriotic behaviour.

I can't get over how much people down there don't want to help each other out...

Being on the sharing side of things, it's pretty sad really...

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BU54

Part of the problem is the government wanting to do all the "helping out" socialism if you will. I want to opt out of this country too. There's just too many now that want to feed from the governments hand like leeches on a turtles neck. Too many that are just too frickin lazy to work and don't have to with all the government handouts available. Would you believe the leeches on welfare can actually get a free cell phone now. I guess so they can sell drugs to supplement their government provided income. Part of the reason most of the welfare recipients can't get a job is because they can't pass a drug test. The other part is they simply don't want to work. Couple this with millions of illegal aliens that are unconstitutionally allowed to vote and you get what we have now. Tyranny and socialism that the masses embrace with open arms. They simply outnumber the few left with a work ethic, morals and common sense.

__________________
Bears always have and always will need a quarterback!! But not a MLB.


10-7-07 Bears 27,Packers 20
12-23-07 Bears 35, Packers 7
Then Brett Favre became a Jet...