Unbelievable, and in financial news to boot.

[Walt of Destiny 412]

They are getting more an more shrill. Take a minute and read the comments if you want to get outraged. At least some of us are on there as well.

 

Link;

http://www.marketwatch.com/story/stock-market-declares-game-over-on-gun-control-2013-09-18?siteid=yhoof2

 

 

Stock market declares ‘game over’ on gun control

 

By Brett Arends

 

The National Rifle Association has so won.

 

Big time. Totally. Game over.

 

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.

 

Click to Play

Monday’s mass shooting at the Washington Navy Yard is drawing attention to one of the thorniest strands of the national gun debate: How far should laws go to keep firearms away from the mentally ill? WSJ's Jacob Gershman joins the News Hub. Photo: AP

 

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. RGR -1.83% and Smith & Wesson Holding Co. SWHC +0.17% 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.

 

 

Getty Images

Police respond to the report of a shooting at the Navy Yard in Washington, DC, September 16, 2013.

If you had invested $10,000 in Sturm, Ruger stock on the day Barack Obama was elected, and just reinvested your dividends, today you’ve have more than $100,000. The figure for Smith & Wesson would be about $40,000.

 

By contrast if you’d just invested that money in the rest of the stock market through an index fund you’d have less than $20,000.

 

Despite the news coverage, events like Monday’s aren’t really so remarkable. People with guns kill about 30 people (other than themselves) every day in America. The figure for drunken drivers is about 10 people. Yet investors on Wall Street are betting that, despite all the hand-wringing and pious talk, no one will do anything. They are probably right.

[Shane45 807]

I actually think there is a correlation in the downplay. I suspect the anti's have realised all you have to do is utter the word ban to trigger record sales country wide. This is the real killer of ban talk IMO.