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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 - 13:03 | 6995871 Kagemusho
Kagemusho's picture

His Bilderberg masters are getting nervous. More and more people around the world know about them, and they are due for their every-four-years (and only during election years) sojourn to the US, to anoint the new puppet. We serfs have to pay for all that security while they choose their next Sodomizer-of-the-Public-in-Chief.

(Google June 6 2008 Chantilly Virginia and then google June 6 2012 Chantilly Virginia; so shameless they returned to the scene of the first crime.)

After the mess they've made of the world, who can blame them for wanting to try to disarm the millions who now know about them and their dirty dealings?

Mon, 01/04/2016 - 13:03 | 6995872 just the tip
just the tip's picture

Obama should do instead if he wants to make an immediate change, is focus on his home state.

so, hussein is going to start issuing executive orders for kenya?

Mon, 01/04/2016 - 13:07 | 6995891 Charles Offdensen
Charles Offdensen's picture

Sounds it's time for lead salads bitchezzz!

Mon, 01/04/2016 - 13:08 | 6995896 WarPony
WarPony's picture

Opinion: This is why the "Bundy Rebellion" is going on in Oregon - Obama's gun legislation.  You don't occupy a federal building to prove your point, especially since no one asked for their help, and especially since the back-burn that caused this situation was allegedly not authorized.  First burn, yes.  Also a rumor of some poaching cover-up as the reason for the second burn - not sure?

It's most likely a false flag setup to entrap Patriots.  Can't imagine why no LEOs have gone there for three days, and only "reporters" (most likely .gov ops) are there?  Stinks that Alex Jones is pimping it?  Did Bundy owe the feds to keep the "victory" at Bundy ranch?  You don't just piss on the Marshall's boot and walk. Is this payback?  I think so FWIW.

I'll bet that all bets are off if martial law is declared.  As you say here - "Hedge accordingly."   Would be really stupid to go there, but that isn't my call.   Happy new year beeches!

Mon, 01/04/2016 - 13:15 | 6995911 Kagemusho
Kagemusho's picture

That muderous mofo Mao did the same kind of thing, with his "Let a thousand flowers bloom" campaign.

Dissidents thought it was safe to speak, out, and were then rounded up, and the lucky ones were shot immediately, while the unlucky got hauled away to be worked to death in labor camps. Typical modus operandi for these monsters.

Mon, 01/04/2016 - 13:36 | 6996026 Dre4dwolf
Dre4dwolf's picture

Govt stuck on that issue, they cant go and arrest everyone because they have guns, and they cant go and shoot everyone because they have guns and can shoot back, and if they did manage to send the military there to re-take the building, than it would turn them all into martyrs for gun rights activists and possibly spark larger nation wide rebellions.

Best thing govt can do is stop trying to legally illegally steal peoples land.

The entire bundy ranch Fiasco was essentially this

A bunch of bogus laws were put in place by special interests like Harry Reid with the intention of getting the ranchers into huge unpayable tax debts so that Harry Reid could steal their land.

The ranchers had none of it and occupied the ranch with guns.

Harry Reid got black eyed by his "special interests" for failing the mission.

The grazing rights fees are bullshit, they were trumped up charges made up to kick the ranchers off their own land.

Mon, 01/04/2016 - 13:22 | 6995908 Dre4dwolf
Dre4dwolf's picture

No one in America is going to comply with an executive order limiting armaments.

Its the line in the sand where people pretty much say " fuck what the govt says ".

Just like weed.

America likes its weed and its guns.

Weed was illegal and an entire industry popped up for it overnight, prohibition just makes drugs and weapons MORE DESIRABLE.

There are no more jobs left in the country, people will do what they can to make a buck and if that means producing weapons out of garage workshops and growing weed in your attic well.... whatever pays the mortgage.

There are no " legal " opportunities left in America, atleast none that make enough to pay off the inflated debts the public have, people are in debt , lack opportunity, and are desperate to hold onto the life they have built thus-far.... they will do anything to fill economic demands for medicine, drugs, weapons, gambling ... etc.

Bitcoin has liberated the free market making all transactions anonymous and private again.

Once you have a discreet way to do business anonymously........ you have free enterprise without constraints.

Govt has become obsolete there is no intrinsic need for it in an armed society.

Mon, 01/04/2016 - 13:21 | 6995935 FIAT CON
FIAT CON's picture

How can you possibly call it a democracy when the monkey can pick up some chalk and write a new law?

Throw him and any president out who thinks he would be king.

 

Mon, 01/04/2016 - 13:32 | 6995995 Dre4dwolf
Dre4dwolf's picture

Laws are meant to be broken.

Thats why they are there.

If no one broke the law, than what would be the use of a law?

Laws = List of Shit people challenge you to do.

Mon, 01/04/2016 - 13:27 | 6995963 swass
swass's picture

I would like to thank Obama because for the first time I am now an owner myself.  I was always thinking to myself, it's kind of expensive and I have other things to do with my money, but now with his unlimited importation of unscreened Muslims (seeing what has happened to Sweden and other countries), in addition to his gun salemanship in trying to introduce un-Constitutional Second Amendment restrictions, I am now a proud owner.  Obama may even sell me on a second!

Mon, 01/04/2016 - 13:29 | 6995981 Head_Shots_Work
Head_Shots_Work's picture

Dear Prezident Obie, 

I would like to take this moment to thank you for driving the Smith and Wesson stock I've been purchasing since 2009 in lieu of all other stock (having sold almost everything else, actually, everything else) to bizarre heights. Almost reminds me of my 1994 Dell stock purchase (which built my house). These kind of things only come around a few times in your life. Still - I wish you would go the hell away.

 

Sincerely,

 

me

 

Mon, 01/04/2016 - 14:24 | 6996334 css1971
css1971's picture

remember to sell.

Mon, 01/04/2016 - 13:30 | 6995983 overmedicatedun...
overmedicatedundersexed's picture

think ahead..how and where you will hide weapons when they come for them..

I do not think it will come to that..but shooting it out with confiscation teams is not a good solution for your life expectancy..

now if it comes to outright shoot outs and fascist tyranny..well plan ambushes at your own time and choosing..confronting swat teams not so smart at your own homes.

Mon, 01/04/2016 - 20:16 | 6997798 petroglyph
petroglyph's picture

Overmedicated, let me be the first to one up you.

And if people lose or forget where they lost their guns, you would be amazed at how deadly a crossbow can be on your very first shot.

Hopefully it won't be to get your guns back.

Mon, 01/04/2016 - 13:38 | 6996032 exartizo
exartizo's picture

“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?”

Dear President Obama:

You have a serious flaw in your approach to government sir.

Government should exist to protect the rights of the MANY.

If Government can protect the rights of the FEW it should do so.

If Government cannot (because of some supervening REALITY) protect the rights of the FEW then Government SHOULD NOT USURP the rights of the MANY to protect the rights of the FEW.

Government should not exist to protect the rights of the FEW at the expense of the rights of the MANY.

Sincerely,

A ZH Reader

Mon, 01/04/2016 - 13:59 | 6996159 skinwalker
skinwalker's picture

I think you have it backwards. 

Mon, 01/04/2016 - 13:56 | 6996147 onlooker
onlooker's picture

 

SMART OBAMA/CLINTON PLAY.

With a bad economy, the College graduates that Obama told to get an education because there were plenty of jobs but “folks” were not educated------ unable to get jobs and living with their parents, AND  Obama shooting Russian relations in the foot (unfortunately gun control did not work), AND illegal DRUGS killing more kids than guns and responsible for the drug gang bloody ally from Mexico to Chicago killing that number x2 (does open border ring a bell?), And Clinton a me too candidate,       WELL

The only thing to do for Obama/Clinton is create diversion and how best to do that than by what we see them do. Draw attention from important issues.  I suggest that We the American people

Don’t get mad, but get even

  1. Vote

  2. Join NRA and support the legal fight

  3. Help stop the Drugs that are destroying our Nation

  4. Demand that American Citizens have a RIGHT to Jobs, real jobs in a real Economy

  5. Demand that the killing fields for Black youth of Chicago, Baltimore, Detroit, etc be defined as a National Emergency and save these kids and their children and their children from the hellish situation that the National USA policy has created.

We can do better; we have no choice but to do better. This is the time.

Mon, 01/04/2016 - 14:11 | 6996236 Heroic Couplet
Heroic Couplet's picture

Republicans just got caught selling weapons to ISIS in San Bernadino via their stupid NRA policy to sell weapons without background checks.

There is no voter who associates gun sale butt hole stupidity with Democrat Party anything or anybody. Republican leaders in Congress should be getting calls daily asking the next question: "What ELSE have you sold to ISIS right here in the United States?"

Mon, 01/04/2016 - 14:41 | 6996420 Iam_Silverman
Iam_Silverman's picture

"Republicans just got caught selling weapons to ISIS in San Bernadino via their stupid NRA policy to sell weapons without background checks."

Really?  Your source?  Well, according to Huffington Post (which is an unashamedly left-leaning publication), those guns were all purchased by someone who passed the NICS background checks.  AND, none of the involved "ISIS" shooters would have been deterred from passing the background checks either.  They weren't even on the No-Fly List, as evident by their recent pictures posted on their return (all radicalized and shit).

So, your entire premise is blown out of the water - and using a progressive source too.

Does it hurt to be that ignorant?

 

Mon, 01/04/2016 - 20:11 | 6997778 petroglyph
petroglyph's picture

Yeah, and where did McVeigh buy his diesel fuel and fertilizer from?

Where did Jones get the kool aid?  

Where did Al queda purchase box cutters?

Get beyond the red/blue argument will ya. 

Mon, 01/04/2016 - 14:11 | 6996237 NoWayJose
NoWayJose's picture

Don't forget to buy those Hi-Cap magazines. You will have lots of targets when they come for your guns!

Mon, 01/04/2016 - 15:00 | 6996515 HandyCrapper
HandyCrapper's picture

I've had my gun rights taken from me in 2009 in the wonderful city of philadelphia. Misdemeanor 1 here is like a felony-lite. Need to wait until I am 70 effing yrs old! to get my record expunged and my rights returned.

WTF?  bring on the revolution.

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