News & Politics

Smith and Wesson Shares Through the Roof After San Bernardino Attack

Via The Telegraph:

Shares of US gun makers have surged in the wake of the massacre of 14 people in California last week, following a pattern that has grown more common in recent years when high-profile mass shootings have spurred firearms sales as well as calls for gun control measures.

Since last Thursday’s shooting in San Bernardino, California, the deadliest burst of US gun violence in three years, Smith & Wesson shares have surged about 17 per cent, compared to the S&P 500’s 1 per cent loss. Sturm Ruger shares have gained about 10 per cent.

Shares of Smith & Wesson Holding Corp have soared 126 per cent this year while Sturm Ruger & Co shares have surged 67 per cent.

We often speak of a disconnect between the political class in Washington, D.C., and the American citizens. Nowhere is that chasm wider than when it comes to gun control. The American people know we are under attack, and that it is the ideology, not the weaponry that threatens us. A little more than three and a half years after the Tsarnaev brothers killed three people and wounded almost 300 with bombs made from a Williams-Sonoma catalog item, the president of the United States is trying to tell us that legal access to firearms is the problem. This is a man who will have armed security around him for the rest of his days.

The American people don’t want to entrust our security to policies that are still failing and flailing a whopping fourteen years after 9/11.

While a very insulated, and usually well protected by people with guns, ruling class seeks to strip our right to personal protection away and green-light the bad guys, the public outside of D.C. is responding with a resounding, “Oh, H*** no!”

To the tune of a 126% growth for a gun company in one year.

Then again, we’ve known for a while that no one in Washington understands real-world math.