The Obama Effect: Gun Stocks Shoot Thru The Roof While Market Tanks

Paul Joseph Watson

On a day when the Dow Jones Industrial Average has plummeted by over 200 points, gun stocks have bucked the trend and are surging as fears over an Obama lame duck second term eviscerating second amendment rights take hold.

Both Smith & Wesson and Ruger saw their stock price shoot up this morning when virtually everyone else was in the red.

At one point Smith & Wesson surged over 10% before dropping back to 7.4% gains at time of press.

Ruger also made impressive gains and was up by almost 3% at time of writing. Both stocks went parabolic at the start of trading.

The activity is undoubtedly related to the likelihood that gun sales are set to explode even higher as a result of Obama securing a second term in the White House last night.

As we reported last week, firearms store owners are labeling Barack Obama the best gun salesman they ever had as concerns over what Obama will do to gun rights in a lame duck administration spur record sales.

Ruger’s sales are up 86 percent since Obama took office and the company’s previous quarter sales demolished all expectations, with sales totaling $118 million dollars.

Smith & Wesson and other gun manufacturers are also being forced to hire more staff and increase production capacity to meet demand.


Read more at infowars.com

  • Victoria

    Buy guns and gun stock.

  • Beth

    God Bless America. Articles like this make me proud to be an American.

  • http://michigancplblog.wordpress.com/ The Lone Gunman

    I hope the trend continues, but now that Obama is back for another term, there are forces on the horizon just itching to kill this gun-based golden goose! http://wp.me/p2QJLE-1F

  • theo980

    I guess I’m gonna have to buy another gun safe!

  • Guest

    Print lawn signs for your neighbors but post them in your yard (if you have a neighbor who needs it) saying, “The House next door does not believe in the 2nd Amendment. I DO”. Use it to help the libs who’ll soon be resorting to theft and break-ins when they find out their god has no intention of helping them.

  • mike

    Don’t forget to invest in precious metals “Lead & Brass”

  • http://www.facebook.com/profile.php?id=1538265519 Pat Canfield

    Ruger ended down 62 cents today and Smith & Wesson lost 35 cents. This was written too early in the day!

    • Carlos

      That was likely profit taking by long term holders of the stock. The message is still clear. The guns and ammo business looks very bright.

  • phunyfarm

    I revised my Christmas list Nov. 7th 5.30am. Three guesses what Santa’s bringing to my house this year.

  • David S. McQueen

    Obama will now push with renewed effort to implement gun control. It’s a major item on the socialist agenda.

  • http://www.facebook.com/people/Fred-Mitchell/100000126962566 Fred Mitchell

    Every one I talk to are buying the hell out of 30.06 shells.We don’t know whats coming down the road,with this kind of Pres, We do know , he don’t want the America people to own weapons.

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