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 - 12:20 | 6995649 SillySalesmanQu...
SillySalesmanQuestion's picture

As all other tyrants in history have shown, tyrants consistently issue orders and edicts, that are opposed by more than three quarters of the citizens...history also shows what eventually happens to tyrants.

Mon, 01/04/2016 - 13:40 | 6996047 Iam_Silverman
Iam_Silverman's picture

"history also shows what eventually happens to tyrants."

The United States MIC engages in "regime change"?

Mon, 01/04/2016 - 14:35 | 6996376 inhibi
inhibi's picture

I was gonna say they move to Hawaii with their stolen billions but I guess yours works too.

 

Yeah, tyrants get away with it all the time lol.

Mon, 01/04/2016 - 15:09 | 6996562 Iam_Silverman
Iam_Silverman's picture

"Yeah, tyrants get away with it all the time lol."

<font.sarc/on>

No, no NO!

All of those evil leaders we "helped overthrow" were tyrants! Didn't you read the Whitehouse pressers?

<font/off>

Mon, 01/04/2016 - 18:51 | 6997519 overmedicatedun...
overmedicatedundersexed's picture

6pm executive actions on gun sales everyone must have backround check- i sell a shotgun to my friend yah I got his backround checked..LOL

tyranny one exec order at a time..this year he becomes his hero Lincoln, civil war becomes real.

Mon, 01/04/2016 - 12:19 | 6995651 Pitiful
Pitiful's picture

The Patriot Act already superseds this anyway.

Mon, 01/04/2016 - 12:20 | 6995656 boattrash
boattrash's picture

" and faced with a GOP that is firmly against any form of gun control measures"

Keep in mind, this is the Same GOP, that just funded Planned Parenthood, who they Opposed as strongly as Gun Control...

Anybody that counts on our GOP congress, should prepare to wake up with a sore ass.

Mon, 01/04/2016 - 12:23 | 6995667 El Vaquero
El Vaquero's picture

This is one issue where money cannot purchase an election  It may, in fact, be the only issue.  Any Republican who votes for gun control is pretty much guaranteed to not get reelected, no matter how many FRNs are thrown their way.  This was a big red line in 1775 and it remains a big red line today. 

Mon, 01/04/2016 - 12:40 | 6995764 boattrash
boattrash's picture

E.V.

I really hope you're correct. I have ZERO trust in our CONgress as they really don't need to be re-elected. They can simply just take a lobbiest job (for a pay raise), just like Sen Blanche (Cunt) Lincoln did, after trading her ACA Vote for a Chair of the Agri. Committee.

But as I said, I hope you're correct.

Mon, 01/04/2016 - 13:08 | 6995892 El Vaquero
El Vaquero's picture

These spikes in sales really have them in a bind.  They can look no further than CT's "assault" weapon registration law and the non-compliance to see the first thing that will happen if they push it too far, and there isn't much further to go before "too far" is reached.  If they do something, they will have to enforce it, else their so called authority will loose legitimacy in the eyes of gun owners.  In CT alone, something like 350k "assault" rifles went unregistered after they passed a law saying that they had to be registered.  That's enough to keep USMC combat troops armed for an actual war.  That's just CT.  On top of that, the progressives that are pushing for this shit typically don't have any firearms themselves, so they won't exactly make an enforcement army themselves. 

 

When somebody starts pushing gun control, ask them if they own any guns.  When they most likely answer "no," ask them how they propose to take yours away then.

 

"Political power grows out of the barrel of a gun."

~Mao Zedong

 

"Power to the people!"

~Me

Mon, 01/04/2016 - 13:29 | 6995976 boattrash
boattrash's picture

Let's look at "Laws" that pass, with a future "time-stamp" before they kick in.

The NFA of 1934 that required registration (for a $200 fee) of $50 machine guns, $5 sawed-off shotguns, and $2 suppressors. Only to be followed by the updated version ( in 64 or 68?).

One clause stated registration to transport weapon across state lines. Let's say you had two machine guns, consecutive serial #s, (legally purchased pre-ban) and you wanted to take one out of state for a competition. You register it to do so. Years later, the law "grandfathers into existance", and now you own one machine gun legally, and one that makes you a felon (through no action of your own) that can NOT be possessed or transferred legally in any way. Your only legal option is to destroy it, and receive no compensation for it.

John Ross articulated this much better than I, in the Novel linked below. (one of the best I've ever read)

https://en.wikipedia.org/wiki/Unintended_Consequences_%28novel%29

Mon, 01/04/2016 - 13:53 | 6996125 RobD
RobD's picture

Up voted you for the John Ross reference. Great book, loaned to someone and never got it back, excellent read. Have you looked him up online, crazy bastard packs a custom .500 S&W as his concealed carry gun but I gather he is a very large man.

Mon, 01/04/2016 - 14:15 | 6996260 boattrash
boattrash's picture

The best "Factional Novel" I have ever read! Wouldn't sell mine at ANY price. (I believe it is finally being reprinted, in paperback).

It pissed me off that I didn't learn of the Joh Ross Edition of the S&W 500, until they had all been sold.

Mon, 01/04/2016 - 13:57 | 6996152 El Vaquero
El Vaquero's picture

Sure, but the last time a registration was required that I'm aware of in the US was in CT after Sandy Hook.  A lot of people refused to follow the law, and CT has been unable to do anything about it.  The state has been shown to be impotent.  Us gun nuts are starting to push back in earnest now. 

Mon, 01/04/2016 - 14:10 | 6996232 boattrash
boattrash's picture

Agree on the pushback.

I never expected much to come from the CT "law", especially Re enforcing it.

The Fed Govt really does not enforce state law, but if they pass some bullshit gun law on the Fed level, I think it will be dealt with differently. Just MHO...

Mon, 01/04/2016 - 14:27 | 6996344 El Vaquero
El Vaquero's picture

They don't have the manpower to enforce it on a national level if we decide we don't want it enforced. What are they going to do if just 1 in 4 gun owners says "Nope!  Fuck you!?"  A civil war guarantees that their logistical machine breaks down, because it is reliant on hoovering up materials from all over the world and the dollar would go the way of the dodo.  Throwing them all in prison would require over $1 trillion per year.  So long as gun owners decide to stand their ground, there is no way in hell the government can win this one.  If it gets really serious, TBTB do not live where their food is produced.  A lot of us live in farming and ranching states. 

 

I would be more worried about a repeat of Katrina where guns were confiscated during an emergency. They cannot handle the entire US if shit goes south, but they can handle a single city.  But look at the resources it took to handle that city, and that was when people didn't know that their guns would be confiscated until they had a rifle pointed at their face saying "give me your guns." 

Mon, 01/04/2016 - 14:42 | 6996425 boattrash
boattrash's picture

Very true brother, very true.

I believe this is just a "feeler" being thrown out. But beware, they are using all of their tactics that they know.

My grandson told me how they are being done in school, even drawing about Hunting is forbidden. They are being bombarded from every angle, and he's in a small rural school, in a town w/Two famous gun Mfgrs...

Also remember the ACA was objected to by the majority of this nation.

Mon, 01/04/2016 - 14:08 | 6996223 Jethro
Jethro's picture

I agree with you. I used to lament the possibility of Americans taking up arms against one another. Now, I think it's almost inevitable. If widespread guerrilla warfare in my country means that my descendants can live free and prosperous lives not under the increasingly oppressive yoke of a tyrannical country, then let that burden to free them fall upon me.

Mon, 01/04/2016 - 12:45 | 6995784 TheAntiProgressive
TheAntiProgressive's picture

I don't know for sure but I read the other day the latest criminal cromnibus bill paved the way for gun restrictions.  Again saw it didn't process it or chase it.  

Mon, 01/04/2016 - 13:05 | 6995888 boattrash
boattrash's picture

I would not be surprised, as most legislation I've read does this often, hence the reason for 2,000-3,000 Pg Bills to address one issue.

The ACA had shit in it Re. Gold sales/purchases.

The FrankenDodd Fin. Reg. Bill had shit Re. turning medical records over to the Govt.

Mon, 01/04/2016 - 12:22 | 6995662 Fuku Ben
Fuku Ben's picture

Here's a complete list of the most recent direct threats to humanity and freedom in the fraudulent U.S. Congress. They voted for HR 4269 which barely failed the vote.

HR 4269 - Summary: To regulate assault weapons, to ensure that the right to keep and bear arms is not unlimited, and for other purposes.

Baldwin (D-WI)
Baucus (D-MT)
Bennett (D-CO)
Blumenthal (D-CT)
Boxer (D-CA)
Brown (D-OH)
Cantwell (D-WA)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Coons (D-DE)
Cowan (D-MA)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Harkin (D-IA)
Hirono (D-HI)
Johnson (D-SD)
Kaine (D-VA)
King (I-ME)
Klobuchar (D-MN)
Landrieu (D-LA)
Leahy (D-VT)
Levin (D-MI)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Mikulski (D-MD)
Murphy (D-CT)
Murray (D-WA)
Nelson (D-FL)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Sanders (I-VT)
Schatz (D-HI)
Schumer (D-NY)
Shaheen (D-NH)
Stabenow (D-MI)
Udall (D-CO)
Udall (D-NM)
Warner (D-VA)
Warren (D-MA)
Whitehouse (D-RI)
Wyden (D-OR)

Mon, 01/04/2016 - 12:29 | 6995709 Jethro
Jethro's picture

And here, ladies and gentlemen, are your traitors.

Mon, 01/04/2016 - 13:00 | 6995861 Fuku Ben
Fuku Ben's picture

Technically they aren't traitors at least not in the sense that you probably think of it in relation to the Republic. However, yes they could be traitors under 18 U.S. Code § 2381 - Treason if they do something to violate this section of the code as it is defined. This is not law but Corporate code.

But in terms of fraudulently transferring the Republic and then fraudulent misrepresenting the Corporation and Democracy that replaced the Republic as if it were still the Republic then yes there are quite a lot of traitors based on the original meaning.

Don't limit your list. There are a whole lot of participants in fraud and treason to the original Republic. Some knowingly. Others unknowingly. They come from all parties and many other places as well.

https://www.congress.gov/bill/114th-congress/house-bill/4269/cosponsors

Mon, 01/04/2016 - 13:08 | 6995890 Chupacabra-322
Chupacabra-322's picture

All we have in their Fruadulent Admarality Courts are Codes, Statutes, Ordanacies, Acts & Mandates for the Criminal Fraud UNITED STATES, CORP. INC. & it's Criminal Fraud 50 Affiliates at the Crimjnal Fraud CORP. INC. STATE & LOCAL levels.

Mon, 01/04/2016 - 12:32 | 6995723 cpnscarlet
cpnscarlet's picture

What's up? It's an HR, but this is a list of senators. Did this POS PASS the house???

Mon, 01/04/2016 - 12:45 | 6995783 RobD
RobD's picture

According to the congress.gov web site this bill has not even been voted on in commity so I'm assuming the list above is from a previous bill vote or just bull shit.

Mon, 01/04/2016 - 13:20 | 6995920 El Vaquero
El Vaquero's picture

That would be my guess.  I'm looking and seeing Tom Udall's name on it.  My state is largely Democrat (I mean that in the sense that most people here identify as D, not as in there is a difference between the Ds and Rs who hold office, because there isn't,) yet we're very pro gun.  Udall is a lot of things, but dumb isn't one of them.  He would have to know that voting for that would be political suicide.  My representative put her name on HR 4269, and if that gets out to the general populace here, she'll lose a lot of votes. 

Mon, 01/04/2016 - 14:01 | 6995900 Fuku Ben
Fuku Ben's picture

Good question. This was taken from a news source with no vote link. However, votes frequently do not show up quickly in .gov and other related sources. It could be a committee vote.

Regardless, there is a long list below of the bill co-sponsors in the House posted December 16, 2015. So even if that vote is a committee vote, has not happened yet or it is a previous vote there is a long list of sponsors for the reintroduced bill linked below.

https://www.congress.gov/bill/114th-congress/house-bill/4269/cosponsors

Mon, 01/04/2016 - 12:37 | 6995751 Kirk2NCC1701
Kirk2NCC1701's picture

I looked up Ron Wyden of OR: https://en.wikipedia.org/wiki/Ron_Wyden

Then I looked at his Religion, and was not surprise that he voted with his Clan leadership, er, with his 'Conscience'.

Why are so many Jewish people for gun control?  You'd think, that after all they've been through, that they would be like the late Charlton Heston and be for gun liberty.  Or have Ziocons truly taken over Jewish leadership ranks, the way our ranks have also been hijacked?  It seems that they have.

My grandparents and uncles died fighting the fucking Nazis, so I'm all for Gun Liberty -- to make sure that a Regime.gov is more scared of its people, than the other way around.  

That being said, I'm totally Pro Gun Safety, and would make licensing conditional upon people taking mandatory Safety Classes (for safe, carry, handling, usage, cleaning and storage).  As I have.  Also for keeping genuine nut-jobs on a very short leash -- as our right to life supersedes these 'right' to fly off the handle. That's called 'Real Politik', where you keep your feet firmly planted on Terra Firma, and not some ethereal, purist ideological sphere.  And maybe that's why Texans got it right, with the new law that gives Texans the personal freedom to Conceal Carry (CC) or Open Carry (OC): to make criminals, psychos and potential Jihadists think twice.  

Gun people are polite people.

Mon, 01/04/2016 - 12:58 | 6995841 Anopheles
Anopheles's picture

Right on.  The gun grabbers always lump in law abiding, and safety conscious gun owners (the vast majority) with criminals and a few gun owning clowns who manage to shoot themselves. 

It has been proven by 30 years of statistics, and over 10 million people, that CCW holders are the most law abiding group of people in the US.  Even more law abiding than police. 

Mon, 01/04/2016 - 13:18 | 6995923 Consuelo
Consuelo's picture

 

 

You are familiar with Leon Trotsky, yes...?   And the Cheka police which he helped create, yes?   The same Cheka police whom those evil Nazi's learned from and from which was adopted, many of the techniques used later on by the S.S.   Yes...?

 

Yes, one 'would think'...  Unfortunately, one would be very wrong to do so...   And I would also remind you that any/all firearms confiscation schemes, always begin with 'Safety', followed by 'Reasonable laws', followed by 'Mandatory' this or that, followed by 'Licensing', followed by 'Registration' and finally, followed by 'Confiscation'.   Fairly well in the order I just laid out.

 

"That's called 'Real Politik', where you keep your feet firmly planted on Terra Firma, and not some ethereal, purist ideological sphere."

 

No, that's called Spineless, masquerading as 'reason'.

 

 

 

 

Mon, 01/04/2016 - 14:33 | 6996368 css1971
css1971's picture

 

"You'd think, that after all they've been through, that they would be like the late Charlton Heston and be for gun liberty"

They are. Jews for the preservation of firearm ownership:

 

http://jpfo.org/

 

 

OH wait!. An entire demographic doesn't all have to think the same way. Really? That seems to be news on Internet forums.

Mon, 01/04/2016 - 12:45 | 6995781 A Lunatic
A Lunatic's picture

Baucus (D-MT) left office in 2014 So I doubt he has recently voted for or against anything, although I consider him to be an asshole for being the front man for Obamacare.....

Mon, 01/04/2016 - 12:46 | 6995793 TheAntiProgressive
TheAntiProgressive's picture

But, but, but they are all Democrats.

Mon, 01/04/2016 - 13:14 | 6995867 Chupacabra-322
Chupacabra-322's picture

That's a long list of Psychopaths / Sociopath Scum Fucks. However, what the Hell is an " Assilt Rifle?" Oh, yea. That trigger word is part & has been part of the False Narrative, PsyOp, Propagandist Script for decades to manufacture fear in the minds of the Sheeple.

The Correct term would be a "Semi Automatic Rifle." Or "Sporting Rifle."

Mon, 01/04/2016 - 12:22 | 6995664 Kirk2NCC1701
Kirk2NCC1701's picture

I thought that EOs only have to do with the POTUS issuing Orders to the Executive Branch, and that he cannot use it as a legal tool to circumvent the Legislative or Judicial Branches -- much less the Constitution and Bill of Rights.

If I'm right, have people and the MSM become such total sheeple, that they are falling for this false narrative and Jedi Mind Trick?  Tyler Durden, ZH Legal experts, any insight?

Mon, 01/04/2016 - 12:27 | 6995692 bankonzhongguo
bankonzhongguo's picture

If anyone needs a vision of what an Obomba/Democratic Party gun grab looks like - look no farther than Chicago.

The grim reality is the political "democratic" elites that run that city instituted a broad gun ban and murders are off the chart - never-mind the police killings and secret detentions.

This is a world bred by the minds and culture of the Emanuels, Pritzkers, Sacks, Daleys, Crowns, Bloombergs Griffins and Madigans.

If you're poor or black and in Chicago you might as well be a Palestinian in a Gaza Ghetto.

These people do not give a shit about you and your family and are worried you will rebel - so they want to take your capacity to defend YOURSELF from THEIR government.

Sounds hysterically silly, until you operate in other countries where the government has a monopoly on violence.

Why do you think so many people want to flee their countries to this one?

It's because corrupt government becomes more corrupt when they are not accountable.

 

Mon, 01/04/2016 - 13:15 | 6995913 dogismycopilot
dogismycopilot's picture

What you wrote is brilliant and should be on the front page of the newspapers, but they are part  of the problem. Well said.

Mon, 01/04/2016 - 12:31 | 6995718 A Lunatic
A Lunatic's picture

Congress makes the Laws, or didn't they teach you that in Constitutional Lawyer class......

Mon, 01/04/2016 - 12:40 | 6995766 James TraffiCan't
James TraffiCan&#039;t's picture

That's a Fucking Funny Statement. Don't know where you've been or what rock you crawled out from...but Happy New Year! 

Mon, 01/04/2016 - 12:46 | 6995794 A Lunatic
A Lunatic's picture

Fuck off Troll.

Mon, 01/04/2016 - 12:37 | 6995753 Bemused Observer
Bemused Observer's picture

"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."

Now replace "gun control" with "financial reform"...

Would have been nice, huh? Where was Mr. Executive Action back in 2009 when we were all being told the banks were too big to fail, and support could not be found for reining in the big banks?

Why didn't he "act on his own" then?

Mon, 01/04/2016 - 12:44 | 6995777 DosZap
DosZap's picture

"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."

 

Exactly, why cut the murder rates, it would hurt their ultimate goal, DISARMAMENT of all Americans.

(How they do that without a major civil/guerilla war is beyond me.)

Mon, 01/04/2016 - 12:50 | 6995820 Anopheles
Anopheles's picture

Maybe they should double down dog ban all guns from Chicago, since the existing single ban they have doesn't seem to be working.

 

 

Mon, 01/04/2016 - 12:46 | 6995791 Flagit
Flagit's picture

Did anyone actually look at the "soaring" price of Ruger or SW?

 

In my book, the one that is not dependant on click-traffic, a movement of 2 points does not constitute a "soar".

 

More slow news day click bait.

Mon, 01/04/2016 - 13:57 | 6996153 Iam_Silverman
Iam_Silverman's picture

"a movement of 2 points does not constitute a "soar"

Agreed, but any stock that is Green in a Sea of Red is an attention grabber.

Mon, 01/04/2016 - 12:48 | 6995804 Anopheles
Anopheles's picture

The US doesn't have a GUN problem, it has a CRIME problem.

 

But since the gubernment has no way to make criminals obey the law, and are unwilling to "do what needs to be done", the only people they can control are the law abiding.  Laws are made for the law abiding, and that's why laws to control criminals NEVER WORK. 

Mon, 01/04/2016 - 12:54 | 6995816 jakesdad
jakesdad's picture

soooo, if history is any indicator (& it is far more often than not) action will be cheered by his kool-aid drinking supporters even though it's all but given that the net result will be more guns in the wild (& somewhat equally ironically condemed by the very people increasing their gun purchases despite the bar being raised by .01mm)...

 

usa!  usa!  usa!

 

it's like the old prohibition episode of the simpsons where homer laments the new effective atf agent in town:  "at first I thought prohibition was a good thing - people were drinking more & having fun but w/o alcohol prohibition just doesn't work..."  substitute gun control, guns & shooting and you could ruin that line tomorrow...

Mon, 01/04/2016 - 12:51 | 6995826 Jorgen
Jorgen's picture

What part of "The right of the people to keep and bear arms shall not be infringed" constitutional law student BHO does not understand? His executive action infringing on the U.S. Constitution 2nd Amendment should be immediate grounds for impeachment.

Mon, 01/04/2016 - 12:53 | 6995836 LawsofPhysics
LawsofPhysics's picture

LOL!  Easy money bitchez!!!

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