Flashing red headlines, business media anchors exuberant as gun-maker stocks were suddenly sold after CT Governor Malloy unveiled his executive order [5] and following White House chatter that gun control regulations were being drawn up:
- OBAMA ADVISERS FINALIZING GUN BACKGROUND CHECK PLAN, AP REPORTS.
President Obama’s advisers are finalizing proposal that would expand background checks on gun sales without congressional approval, AP reports. White House adviser Valerie Jarrett says Obama has asked team complete proposal and submit it for his review “in short order.”
We thought the following charts would provide a little context for this "selling"...
On the day, Smith & Wesson is still up 3%...not exactly existential? What about NFLX?
[6]
and on the week... "fleshwound"?
[7]
Now is that a dip to buy?
