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Insane Demand For Guns Crushes Expectations
[Daily Caller] President Barack Obama's impending executive action on gun control has caused an insane spike in gun sales, according to data from manufacturer Smith & Wesson.In fact, the sales have been so explosive that merchants are having a difficult time keeping guns in stock, the company notes. While the Dow Jones Industrial Average tanked by 1.6 percent, gun companies posted stock increases. Smith & Wesson shares finished Monday at 5.9 percent higher. Sturm Ruger, a competitor of Smith & Wesson, posted gains of 2.9 percent. Some analysts speculate that there's a definite link between Obama's expected gun control announcement and increased sales, a trend which has periodically repeated itself through the Obama's two stints in the White House. Smith & Wesson confirmed in a press release that demand has shot through the roof since Obama took office in 2009. Posted by: Besoeker 2016-01-06 |
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