Watch Obama's Gun-Control Decree - Live Webcast

Tyler Durden's picture

It would appear, given the equity market reactions, that investors are not expecting a dramatic impact to the gun-makers as Sturm, Ruger, Smith & Wesson, and even Cabela's are all rising ahead of the Biden-Obama Gun-Control Decree. Perhaps, this is front-running of what is likely to be record-breaking gun sales in the next 48 hours if past history is anything to go by. From the NRA's view of Obama as an "elitist hypocrite", Republican calls for his impeachment, and many US citizens against gun control (even though emotions are raw - 51% of men polled want to protect the right to own guns), it would appear that the populist might be struggling, especially as Politico notes that there are strong indications that any comprehensive legislation restricting weapons and/or ammunition won't even see a vote on the House floor.

 

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