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View Full Version : Stock market declares ‘game over’ on gun control


Jack_O_Trades
09-18-2013, 12:33 PM
Here is an interesting article on the national front. I didn't see it posted yet.

http://www.marketwatch.com/story/stock-market-declares-game-over-on-gun-control-2013-09-18?link=MW_latest_news



Look no further than the reaction on Wall Street this week to the latest gun rampage, at the Navy Yard in Washington, D.C.
Once upon a time, news of a killing spree would have sent the stocks of major gun manufacturers into a tailspin, as investors fretted that an outraged public would at last demand new gun-control laws.
As recently as last December, in the wake of the massacre at Sandy Hook Elementary School, in Connecticut, shares in gun makers Sturm, Ruger & Co. and Smith & Wesson Holding Co. both crashed.
But this week?
The stocks barely wobbled. By the following morning they were actually higher than they had been before the killings. By Tuesday night Sturm, Ruger had hit a new, all-time high.
The stock market is a fascinating crucible of opinion because it involves real money, not just people making comments to a pollster. And investors took about two hours to look at the news on Monday of yet another massacre and conclude that there was absolutely no serious risk of anyone trying to pass any meaningful gun control. The pious promises of last December have all ended up in the trash.
Sturm, Ruger has been one of the best performing stocks on Wall Street since America elected a black Democrat president five years ago, and the tinfoil-hat brigade rushed out to stock up on guns.

a1c
09-18-2013, 1:05 PM
BTW, please make sure you don't copy and paste the whole article in here. The first paragraph is generally fair use. You don't want to get CGN in trouble.