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From the lows of mid-day March 6th through the close of trading yesterday, the Dow Jones is up 23%, the NASDAQ 100 is up 24% and the Russell 2000 is up 31%.
Meanwhile first quarter results show that Sturm Ruger (RGR) stock is up 102% and Smith & Wesson (SWHC) stock is up 165%. What’s behind the gun boom?
Human Events, home to writers like Ann Coulter and Oliver North, attempts an explanation:
Where politics was rarely mentioned during a gun purchase a year ago, the store manager says at least 60% of his customers mention the Obama administration now.
At Rich Wyatt’s Gunsmoke, “We are getting ‘Prius-driving Obama people’ buying guns because they realize they picked the wrong pony…even though they never admit it.” Just like my local gun shop, Wyatt has “old ladies and young people and liberals” buying guns. He says that while there were spikes in gun buying during the Clinton administration, during the Rodney King riots, and even just before Y2K, he’s never seen anything remotely on this scale.
This calls for an investigation by Stephen Colbert.
This, however, seems plausible:
Much of the demand for ammunition is due to an NRA advertising campaign during election season which described Barack Obama’s historical positions on gun issues, including having said that he would support a 500% federal tax on guns and ammunition. And while it is true that Obama has not made many anti-gun statements recently, gun rights expert David Kopel explains clearly that Barack Obama is easily the most anti-gun President in US history.
More from Ken Silverstein:
Commentary — November 17, 2015, 6:41 pm
The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.
Number of tombstones in Tombstone, Arizona:
Electrofishing on the Irrawaddy River deters dolphins from their habit of assisting fishermen.
Trump tweeted that “millions of people” had illegally cast ballots in last month’s presidential election, and the Washington Post identified four cases of voter fraud across the country.
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"It is an interesting and somewhat macabre parlor game to play at a large gathering of one’s acquaintances: to speculate who in a showdown would go Nazi. By now, I think I know. I have gone through the experience many times—in Germany, in Austria, and in France. I have come to know the types: the born Nazis, the Nazis whom democracy itself has created, the certain-to-be fellow-travelers. And I also know those who never, under any conceivable circumstances, would become Nazis."