Gun Stocks Soar Ahead Of Obama's Gun-Control Executive-Action Tomorrow

Tyler Durden's picture




 

Despite a bloodbath in US equities, gun stocks are soaring this morning (Smith & Wesson up 7% and Sturm, Ruger up 3%) as ABC News reports, as we detailed yesterday:

  • *OBAMA MAY TAKE GUN CONTROL EXECUTIVE ACTION TOMORROW

With the Oregon standoff continuing, it appears "the world's greatest gun sales-man" has done it again.

 

As we previously noted, without a Democratic majority in Congress, and faced with a GOP that is firmly against any form of gun control measures, Obama has repeatedly warned that he would act on his own.

“We know that we can’t stop every act of violence. But what if we tried to stop even one?” Obama added. “What if Congress did something—anything—to protect our kids from gun violence?”

 

"The president has made clear he’s not satisfied with where we are and expects that work to be completed soon," the White House spokesman added. In other words, it's time for the president to micromanage yet another aspect of daily US lives, because Obamacare turned out so well.

One executive action that will almost certainly be unveiled is the "tightening" of rules for firearms sellers by requiring more of them to be licensed and, as a result, to conduct background checks on buyers.

Anything Obama does unveil will be met with stiff resistance.

Many gun-rights groups already have signaled opposition to new rules for private sellers and an expansion of background checks. And they have questioned whether Mr. Obama has the legal authority to act unilaterally.

 

Research by the National Rifle Association showed that dating back to the 2007 mass murder at Virginia Tech, none of the high-profile mass shootings has been conducted600 with a firearm bought from a private seller. Adam Lanza is believed to have stolen his mother’s gun after killing her then using it in the Sandy Hook Elementary School massacre.

 

“I don’t think the president has the authority to redefine what a dealer is because that is defined in existing federal statute,” said Dave Workman, senior editor of the Second Amendment Foundation’s The Gun Mag. “He can’t snap his fingers and suddenly say to someone who sells a gun at a gun show is now a dealer. That would take congressional action.”

Meanwhile, while the US wait to see what executive orders Obama will implement, at the state level numerous gun-related laws just kicked in starting in the new year.

...

Ironically, instead of implementing executive orders, what Obama should do instead if he wants to make an immediate change, is focus on his home state. According to the Chicago Tribune, Chicago's first homicide of 2016 occurred barely 2 hours into the new year.

Two people were shot in the 4600 block of South St. Lawrence Avenue at about 2 a.m., police said. One of them, a 24-year-old man, reportedly had been arguing with someone who pulled out a gun and shot him in the chest. He was declared dead on the scene. 

 

In the latest homicide, a 36-year-old man was shot in the chest and died at a hospital, said Nicole Trainor, a spokeswoman for the Chicago Police Department. The shooting happened at 6:40 a.m. in the 1900 block of West Garfield Boulevard in the city’s Back of the Yards neighborhood, said Trainor. The victim was driving a sport-utility vehicle westbound on Garfield when he heard shots and realized he’d been wounded, said Officer Janel Sedevic, a spokeswoman for the Chicago Police. The 36-year-old was driven to the Artesian Avenue and 55th Street where an ambulance was called and he was taken to Stroger Hospital where he died, Trainor said.

In short, eradicating gun violence in Chicago (and D.C.) would likely do miracles for the average gun homicide rate across all of the US. Which is why it will never happen.

Meanwhile, if Obama wants to truly curb gun ownership at the national level, the solution there is also simple, as the following chart from the NYT reveals:

He should resign.

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Mon, 01/04/2016 - 12:08 | 6995591 Latina Lover
Latina Lover's picture

I will give up my guns when Obama gives up his secret service protection.

Mon, 01/04/2016 - 12:09 | 6995604 SethDealer
SethDealer's picture

2016 is year of the monkey!

Mon, 01/04/2016 - 12:14 | 6995622 Looney
Looney's picture

The un-constitutional professor is at it AGAIN.

How ‘bout taking an executive action against the Affirmative Action?  ;-)

Looney

Mon, 01/04/2016 - 12:23 | 6995665 Dr. Spin
Dr. Spin's picture

Can't wait to see the Obombya prezidential library...

Happy New Year, Y'all,

;-)

Mon, 01/04/2016 - 12:24 | 6995676 knukles
knukles's picture

Behead gun owners!  Allah Akbar!
    
      - Alfred E Yomomma

Mon, 01/04/2016 - 12:34 | 6995734 HowdyDoody
HowdyDoody's picture

Obomber is doing his bit to boost the bottom line of arms companies - no surprise there.

 

Mon, 01/04/2016 - 12:47 | 6995800 Chupacabra-322
Chupacabra-322's picture

"Executive orders" are directives to federal employees, ordering them to enforce existing law. The president has no power over the people. Note to gun sellers - you are under no obligation to do background checks. You can wipe your collective arises with Obama's illegal action. He is the criminal.

Mon, 01/04/2016 - 13:04 | 6995876 kralizec
kralizec's picture

Sure, a reasonable person would agree with your assessment, but these are insane times dominated by insane people.  The Fedcoats could and will apply more pressure, notices from the IRS will arrive announcing a coincidental full-scale audit, EPA will inspect to be sure no contaminants are a harm to the environment, OSHA to be sure no hard to employees, etc etc.  The precedents have already been established, the templates for soft tyranny tried and true.

Mon, 01/04/2016 - 13:25 | 6995949 Bad Attitude
Bad Attitude's picture

Obama can write whatever executive actions he wants. He no longer has any credibility with anybody except his sycophants. I am going to ignore his executive actions, and take every possible opportunity to ridicule him.

To inflate the firearms purchases numbers, I've start buying extra bare lower AR-15 receivers - they are cheaper than buying a full firearm.

And, I'm going to continue buying ammunition, at least until it starts damaging the foundation of my home.

Forward (over the cliff)!

Mon, 01/04/2016 - 14:28 | 6996347 Iam_Silverman
Iam_Silverman's picture

"I've start buying extra bare lower AR-15 receivers - they are cheaper than buying a full firearm."

Do you have a drill press?  Harbor Freight has a decent one for only $139 right now.  The cheaper one at $69 might not be stable enough.

Now that you have a drill press, look up 80% finished AR lowers.  There are a couple of suppliers that you can get them from.  Since they are not a finished part or a complete firearm, there are no serial numbers or Form 4473's to fill out

Get to work.  And remember, pay cash for all other parts and accessories, and your ammo.  The credit card companies will roll over and supply the USG everyone's purchasing history in short order.

 

And, as a side note - black powder arms (even revolvers) are not designated as firearms, so once again, no Form 4473 trail.

Mon, 01/04/2016 - 19:06 | 6997574 Bad Attitude
Bad Attitude's picture

Yes, I have a drill press, a jig, and a couple 80% lowers.

The point of my comment is to find ways to inflate the firearms sales statistics. I want the statists wetting their panties when they think about the number of firearms in civilian hands.

Forward (over the cliff)!

Mon, 01/04/2016 - 19:14 | 6997600 overmedicatedun...
overmedicatedundersexed's picture

ak or ar, build your own. many do it. ..find a place to hide your guns & ammo, now..just in case it comes to that.

Wed, 01/06/2016 - 10:31 | 7004610 Iam_Silverman
Iam_Silverman's picture

"find a place to hide your guns & ammo, now..just in case it comes to that."

I've always heard that when it's time to hide them, it's time to use them.

Wed, 01/06/2016 - 10:30 | 7004605 Iam_Silverman
Iam_Silverman's picture

"I want the statists wetting their panties when they think about the number of firearms in civilian hands."

Well, I want them pooping their pants once they realize that these numbers could be way, way lower than they initially thought!

Mon, 01/04/2016 - 13:26 | 6995958 TeamDepends
TeamDepends's picture

True, and that is why brave patriots have drawn their lines in the sand in Oregon. If you don't know what is going on there, or worse are one of the assholes (looking at you man-bear-pig) calling the Hammonds terrorists, arsonists, or welfare ranchers, then watch this. Warning: If you are anything like us this will leave you shaking with rage.https://www.youtube.com/watch?v=wRoVjQ-l5vY&feature=youtu.be

Mon, 01/04/2016 - 13:41 | 6996053 Dr. Spin
Dr. Spin's picture

Oooooo!  "Fedcoats"  I like it.  +1 for you.

;-)  

Mon, 01/04/2016 - 12:18 | 6995648 Kirk2NCC1701
Kirk2NCC1701's picture

Takes effect on Feb. 8.  Until then the Chinese Zodiac is at the year of the Goat.

https://en.wikipedia.org/wiki/Chinese_zodiac

Mon, 01/04/2016 - 12:12 | 6995615 NoVa
NoVa's picture

12 more months, and counting every day until he is gone.

 

 

Mon, 01/04/2016 - 12:37 | 6995752 A Lunatic
A Lunatic's picture

Yes, I too am looking forward to the Hillary Clinton administration, which will undoubtedly be the most transparent, and Just, (although that really goes without saying) administration ever....

Mon, 01/04/2016 - 13:20 | 6995929 SilverRhino
SilverRhino's picture

I swear if I was a black man in Chicago I would save, scrimp and steal for that first soft bullet proof vest and wear it like a fucking crucifix.

Idiots spend 50 bucks on lotto, grape soda and a bag of chips but can't spare a dime for personal protection.

Mon, 01/04/2016 - 12:20 | 6995653 grgy
grgy's picture

You will have your guns for a very long time. If there ever was a president who needs protection, it is this one.

Mon, 01/04/2016 - 12:23 | 6995668 KnuckleDragger-X
KnuckleDragger-X's picture

Didn't buy any new guns, but I did get myself 1000 rounds of Winchester .300 WSM brass and 2500 rounds of Hornady bullets http://www.hornady.com/store/30-Cal-.308-165-gr-BTSP/ For my 'target' rifle......

Mon, 01/04/2016 - 12:09 | 6995600 silverer
silverer's picture

At this point, they are one of the few stock classes that may go up, other than the body bag manufacturers.

Mon, 01/04/2016 - 12:09 | 6995603 wisefool
wisefool's picture

If I owned a gun it would be the only thing of value the tax man could take. And they would. 

Mon, 01/04/2016 - 12:12 | 6995620 SumTing Wong
SumTing Wong's picture

Good thing none of us around here own a gun. I used to, but that canoe trip...

Mon, 01/04/2016 - 12:18 | 6995645 wisefool
wisefool's picture

well can we use that canoe to get the 4 trillion dollars worth of guns we left over there in the middle east and make them fight each other with sticks and stones wearing flip flops?

I literally saw footage (MSM this past weekend) of the ISIS dudes firing rocket launchers and LMGs wearing flip flops. They should seriously put the air jordans back on. we would not want them to twist an ankle.

Mon, 01/04/2016 - 13:28 | 6995971 secretargentman
secretargentman's picture

Rawles says bullets could become currency. Perhaps people will pay their taxes in bullets? 

Mon, 01/04/2016 - 12:10 | 6995608 wmbz
wmbz's picture

Yep... The asshole Obozo is going full blown ape shit crazy. Anti-gun anti-U.S. anti any type of freedom he can hit it.

A true POS!

Mon, 01/04/2016 - 12:40 | 6995763 A Lunatic
A Lunatic's picture

Do not worry, Paul Ryan will make sure we are very well protected from any of this anti-gun nonsense.....

Mon, 01/04/2016 - 13:04 | 6995884 Beowulf55
Beowulf55's picture

......and 'Merica deserves what they voted for...............

 

Mon, 01/04/2016 - 13:21 | 6995934 msmith9962
msmith9962's picture

I looked up his IQ yesterday out of curiosity.  Apparently 102.  Why wasn't that in the news?

Mon, 01/04/2016 - 12:11 | 6995614 cpnscarlet
cpnscarlet's picture

"We know we can't stop every narcissitic communit sympathizer, but what if we tried to stop even just one?"

Mon, 01/04/2016 - 20:05 | 6997755 space junk
space junk's picture

^10,000

Mon, 01/04/2016 - 12:11 | 6995616 LoneStarHog
LoneStarHog's picture

Let's get something straight about Executive Orders:

1)  They are a directive valid ONLY within the Executive Branch

2)  They direct ONLY agencies within the Executive Branch

3)  They CANNOT direct an agency to perform an ILLEGAL/UNLAWFUL act

4)  They CANNOT be UNCONSTITUTIONAL (e.g. Second Amendment violation)

5)  They are NOT laws, but DIRECTIVES

In other words, Obozo, you may SHOVE your EOs where they are only accessible by your Proctologist and Michael.

So F-OFF!

Mon, 01/04/2016 - 12:20 | 6995652 Cognitive Dissonance
Cognitive Dissonance's picture

I do not argue with any of your excellent points.

However, all politics gun law enforcement are is local. It matters not what is or is not constitutional, but what the person with a side arm and a badge says when knocking on your door.

Mon, 01/04/2016 - 12:28 | 6995693 Blythes Master
Blythes Master's picture

Exactly CogD.

Here in Guntucky, they passed a law last year or the year before that basically says we will ignore all new gun edicts from the district of criminals.

Molan Labe Odildo!

Mon, 01/04/2016 - 12:34 | 6995730 RobD
RobD's picture

Very true Cog, last year I was talking to the local Deputy Sheriff who happens to be a long time friend of the family about the anti-open carry law that was past in California. When I asked him about his interpretation of the law he just said "those laws are just for the city, we don't pay any attention to them out here" lol.

Mon, 01/04/2016 - 12:36 | 6995738 LoneStarHog
LoneStarHog's picture

Last weekend our Texas governor told Obozo about his Executive Orders:  "Come and Take It!"

If someone attempts to enforce an unlawful/illegal activity, he/she had better have second thoughts...PERIOD!

Mon, 01/04/2016 - 12:20 | 6995654 Jethro
Jethro's picture

He's trying hard to emulate King George III. Somebody buy mocha George a crown...

Mon, 01/04/2016 - 12:12 | 6995618 Pew Pew Pew
Pew Pew Pew's picture

Never Underestimate the sales potential of firearms in the wake of political hyperbole.  Wish I'd bought stock in Colt back in 1993 (when I first got into the market).

Mon, 01/04/2016 - 12:14 | 6995629 Pew Pew Pew
Pew Pew Pew's picture

I am all for the rhetoric as a stock holder today, but the price of my guns & ammo have all gone up!  How's a fringe person like me supposed to stock up on firearms in this economy?

Mon, 01/04/2016 - 13:38 | 6996036 Iam_Silverman
Iam_Silverman's picture

"Wish I'd bought stock in Colt back in 1993 (when I first got into the market)."

Uhmm, didn't they just file for bankruptcy?

Link: Colt Files For Chapter 11 reorganization.

Buying low and losing money in a bankruptcy isn't sound business acumen, unless you work for the Federal Reserve.....

Mon, 01/04/2016 - 12:13 | 6995624 Jack's Raging B...
Jack's Raging Bile Duct's picture

Considering how many unarmed people police kill annually, I propose gun restrictions on all police everywhere--if only to save just one life! It's for the children.

Mon, 01/04/2016 - 12:42 | 6995773 TheAntiProgressive
TheAntiProgressive's picture

Yup I heard that one from the head lip flapper.  By his own reasoning and metrics of saving "just one life" I also propose we make illegal alcohol, automobiles, hammers, ladders and on and on.  His reasoning is pure Progressive strawmen.  He has an army of them as he flies off after carpet bombing this country with his "executive" orders or memos or whatever definition de jour is appropriate.  They love the terms and if they don't have enough horspower in one, they simply invent another.  Just reviewing Yellen and what they are doing with "repo rates".  They are designing new terms for even more fraud for the "black" markets.  Hey that is a new one #blackmarketsmatter

Mon, 01/04/2016 - 14:41 | 6996423 css1971
css1971's picture

Ladders and chairs are the real killer.

Large numbers of people are killed or seriously injured every year while attempting DIY. It's larger than the number killed on the roads. So. Beware the broken light bulb.

 

Mon, 01/04/2016 - 12:17 | 6995631 Mr. Schmilkies
Mr. Schmilkies's picture

He will appear as the featured speaker and S&W spokesman at next year's NRA convention and get paid handsomely for it too.  (Hey, weird things happen.)

Mon, 01/04/2016 - 12:14 | 6995632 Dr. Engali
Dr. Engali's picture

Hmmm, there seems to be some correlation with all the false flags and gun sales. Who would have thunk it?

Mon, 01/04/2016 - 12:35 | 6995741 HowdyDoody
HowdyDoody's picture

Cui bono?

Mon, 01/04/2016 - 12:17 | 6995636 El Vaquero
El Vaquero's picture

Perhaps we should start a ZH letter writing campaign to the White House:

 

Dear President Obama,

 

I would like to thank you from the bottom of my heart for being the best firearm salesman in the entire history of the United States of America.  Every time you discuss gun control, firearm sales skyrocket.  This ensures that the gun industry can continue to employ many patriotic Americans, thus your discussion is not only good for national security, but the economy as well. 

 

Sincerely,

The Plebs

Mon, 01/04/2016 - 12:17 | 6995640 Lumberjack
Lumberjack's picture

"Obama has repeatedly warned that he would act on his own."

 

I heard he started a few wars.... It's all yours baby. You started it now you can finish it...alone. Hope your putter has been properly oiled.

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