Obama has become the best friend the gun manufacturers have

Beyond my previous post, this needs no comment.

Market Watch:

Shares of the two publicly traded gun makers rallied on Monday, a day after President Barack Obama gave a prime-time address calling for a modest reduction in the availability of firearms. Both Smith & Wesson SWHC, +7.64%  and Sturm Ruger & Co. RGR, +5.78%  rose over 7% on Monday. 

Smith & Wesson has climbed 116% this year and Sturm Ruger has jumped 69%.

Gun stocks spike after Obama’s speech (graphic – MarketWatch)

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