This article appeared online at TheNewAmerican.com on Tuesday, October 3, 2017:
After the Las Vegas massacre on Sunday night, the stock prices of gunmakers rose two to three percent on Monday. Following the noisy threats of more gun controls by anti-gun politicians, those stocks have continued to rise on Tuesday. Since the close of business last Friday, for example, the stock price of Sturm Ruger & Co. has jumped by 6.3 percent, while American Outdoor Brands Corp. (which owns Smith & Wesson) is trading seven-percent higher. The stock price of Vista Outdoor Inc., the conglomerate with ownership of ammunition makers American Eagle, Blazer, and Federal Premium, as well as gunmakers Savage Arms and Stevens Arms, is trading 3.5 percent ahead of Friday’s closing price.
The simple explanation for this was expressed by Mark Zandi, chief economist at Moody’s Analytics: