The Obama Effect: Gun Stocks Shoot Thru The Roof While Market Tanks

On a day when the Dow Jones Industrial Average has plummeted by over 200 points, gun stocks have bucked the trend and are surging as fears over an Obama lame duck second term eviscerating second amendment rights take hold.

Both Smith & Wesson and Ruger saw their stock price shoot up this morning when virtually everyone else was in the red.

At one point Smith & Wesson surged over 10% before dropping back to 7.4% gains at time of press.

Ruger also made impressive gains and was up by almost 3% at time of writing. Both stocks went parabolic at the start of trading.

The activity is undoubtedly related to the likelihood that gun sales are set to explode even higher as a result of Obama securing a second term in the White House last night.

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