Friday, November 07, 2008

Gun Sales Boom With an Obama Win

It seems that quite a few people are thinking that Obama will start to ban guns now that he is the President-elect.

Franklin Gun Shop outside Nashville, Tenn., sold more than 70 guns on Tuesday, making it the biggest sales day since the shop opened eight years ago. Guns & Gear in Cheyenne, Wyo., also set a one-day sales record on Tuesday, only to break that mark on Wednesday.

I have to agree that if you wanted to get an assault weapon or even a semi-automatic rifle you might want to buy it sooner rather then later. They will almost certainly be banned when the economy starts to improve and Obama can move to other less pressing issues. It could be an interesting trend to watch in terms of stocks like Ruger and Smith and Wesson.

No comments: