Smith & Wesson, Ruger stocks jump after Obama win

[GreenStormCloud]

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?

[codjh9]

1. Crazy and scary - and this isn't really news, either.

[ProgressiveProfessor]

20. Actually it news, and is neither scary or crazy. Also not unexpected

[codjh9]

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

I meant by saying it 'wasn't news'. And why isn't it scary or crazy?

[ProgressiveProfessor]

27. Because there is not a related rise in violence

Law abiding people owning or even hoarding firearms and ammunition is not a problem for anyone.

Private ownership of firearms is a liberal and progressive value.

[codjh9]

28. Not replying to that.

[oneshooter]

29. Why? If you can not defend your views, then what good are they?

[codjh9]

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

I come to read stuff, post stuff, laugh at stuff, and mostly have a good time. I don't enjoy arguing, especially with fellow Democrats. I think guns, abortion, religion, and ... I'm sure there are others ... where 'never the twain shall meet'. You've got your opinions, I've got mine. Glad that we both vote Dem., but it stops there. I DO NOT want to argue about guns with anyone. Period.

[PavePusher]

37. Ummm... the entire point of this forum is to debate issues.

Yes, there are a few groups set up specifically to be non-contentious. This isn't one of those few.

Echo-chambers are boring. If you state an opinion around here (not just in the GC&RKBA group), be prepared to have it examined and pulled apart to see what makes it tick. I'm utterly baffled that anyone with almost 3000 posts hasn't figured that out yet...

[codjh9]

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

tend to be more general political topics, and sorry, but people don't tend to argue much on those. There are more humorous comments, attaboy comments, I-agree-with-that comments, or maybe I should say, more comments about who or what the OP was about, not anything against a fellow commenter. And re: my almost-3000 posts, at least half if not more were 4 years ago before the last election. I've been humongously busy between then and now.

[PavePusher]

39. "...people don't tend to argue much on those."

Oh... my.

[JoePhilly]

2. It makes sense ... what with the impending GOP civil war and all.

I hope it ends in a tie.

[Kolesar]

3. I got invited for sail, and the asshole skipper started whining about Obama confiscating guns

He was some MIC-puke living off a handsome retirement and Social Security.
It was my only sail with the wrinkled screw face.

[rl6214]

12. Does not compute

As usual

[Eleanors38]

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

[AndyTiedye]

4. Most of Those Guns are Being Purchased to be Used On Us

This is not good news.

[Atypical Liberal]

5. Nah, most are being purchased to sit in a safe and increase in value.

If you had bought an M16 for $1000 in 1986 it would be worth about $17,000 today.

[AndyTiedye]

17. Speculators Wouldn't Wait Until After the Election to Buy

[Atypical Liberal]

34. They do if they think their guy is going to win.

Besides, people buy guns when they can afford to. Trust me. Most of these things are going to sit in a safe or a closet.

[MicaelS]

7. If you really believe that, then..

You had better buy a few of your own and learn how to use them.

[ileus]

8. are we criminals?

[AndyTiedye]

16. Why Would Those Buying Guns to Protect Themselves Against Criminals...

...do so right after Obama got re-elected?

[GreenStormCloud]

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

[AndyTiedye]

25. Through the GOP-Controlled House? Riiiiiiight

There wasn't any gun control legislation when we had the House and Senate.
Why would anybody expect it to happen now?

[GreenStormCloud]

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

[ileus]

24. I saw a woman in Wally world this evening buying two 22 rifles...

for her grandkids Christmas...

Not to be confused with shooting DU posters who voted Obama.




>10/22 and a cricket

[spin]

9. That is a rather extreme statement. ...

to say the least.

[AndyTiedye]

18. The Teabaggers are Rather Extreme

I'll grant that it probably doesn't go much beyond fantasizing about it for most of them.

[spin]

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

an armed rebellion.

As you suggested, only in their fantasies.

[ProgressiveProfessor]

21. Who is us? Murder is dropping

[Eleanors38]

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

Where did you get the notion that most gun purchasers were ready to carve your notch into the walnut grip?

Sheesh. We get accused of paranoia all the time, but you seem to slip right through.

[AndyTiedye]

43. I Was Referring Specifically to those who Rush to Buy Guns After Obama Wins

And I recognize that in most cases it isn't much more than fantasy on the part of the purchaser.

[Eleanors38]

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

[ileus]

6. I'm really thinking about a M&P 45.

If I could locate a 4" FDE M&P. I really like the grip size and feel compared to the g21.

[upaloopa]

10. People aren't so afraid of the NRA anymore and

Obama isn't running for reelection so you may have a fight on your hands. Here in CA we have a Dem super majority in both houses so there is no threat from the right.
You've just seen how demographics has begun to make the right irrelevant. Just saying.

[GreenStormCloud]

11. How come you never came back to the thread where you claimed the shooter was law-abiding?

Surely you remember this thread, where you said:

Three more innocent people shot today in FL by a previously law abiding gun owner.
http://www.democraticunderground.com/117280286

Look what we found and posted:
42. The shooter's arrest record: domestic assault, felony assault, stalking, burglary and drug possesion.

And you never came back to acknowledge it. What happened to your assertation in that thread? Where did you go?

[CokeMachine]

13. Crickets

as expected.

[upaloopa]

14. I think I've read

all your propaganda by now

[DonP]

15. So when you're caught lying you just go away?

In that thread you asserted something that was obviously and ultimately proven absolutely false.

You seem to have a penchant for disappearing when one of your made up facts is exposed.

As a result many of us will have to just assume pretty much everything you post, without a link or supportable cite, is pure BS and we'll give it all the consideration it deserves.

But feel free to run up to Meta and join the "Whine and Cheesy" crowd.

[ProgressiveProfessor]

22. Have you learned anything?

Or are you going to continue to push the malarkey you usually do?

[Eleanors38]

45. There is the possible explanation of Thug Love.nt

[fightthegoodfightnow]

30. TOO FUNNY

They are all scared Obama is going to take their guns....as ridiculous as that is.

Any other reading is silly.

[Straw Man]

32. So ...

They are all scared Obama is going to take their guns....as ridiculous as that is.

... you're forecasting no new gun control legislation? No AWB renewal or handgun ban? I hope you're right.

[fightthegoodfightnow]

33. Nonsense

Speak for yourself. Not me.

Reasonable people know the difference between someone taking guns and gun control legislation.

[Straw Man]

35. So ...

Reasonable people know the difference between someone taking guns and gun control legislation.

... if there is another AWB, you would oppose "turn 'em in" provisions such as were applied in the UK, Australia, and California? Is that what "reasonable people" would do?

[Eleanors38]

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

[Eleanors38]

46. Leading indicator: Hopefully, Gallup will continue to profile

Gun owners by political leanings so we can see where some of the increase is going.