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George II

(67,782 posts)
Mon Oct 2, 2017, 01:18 PM Oct 2017

After Las Vegas Massacre, Gun Stocks Are Up, Casino Stocks Are Down

Source: NBC News

Shares in gun manufacturers rallied Monday after the nation witnessed its most deadly mass shooting in modern history.

Law enforcement officials in Las Vegas said Stephen Craig Paddock, 64, of Mesquite, Nevada, opened fire from his room at the Mandalay Bay hotel on a crowd of about 22,000 concertgoers, killing at least 58 people and wounding over 500.

Following the tragedy, shares in American Outdoor Brands (formerly known as Smith & Wesson) went up by 7 percent; Sturm Ruger, known for its semi-automatic and single-shot rifles, topped out at almost 6 percent.

It’s an all-too-familiar pattern after an all-too-familiar situation: Following a mass shooting, traders buy up shares in gun companies in anticipation of fearful citizens stocking up on firearms for their own self-defense.

Read more: https://www.nbcnews.com/storyline/las-vegas-shooting/after-las-vegas-massacre-gun-stocks-are-casino-stocks-are-n806721



Only in America. What's going on in this country is becoming more and more shameful.

On top of this, later this week republicans hope to vote on a bill relaxing controls on silencers. Imagine if this guy had silencers for his guns? He could have killed thousands before anyone realized what was going on.
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After Las Vegas Massacre, Gun Stocks Are Up, Casino Stocks Are Down (Original Post) George II Oct 2017 OP
My daughter asked me last night if exboyfil Oct 2017 #1
Think about this.... George II Oct 2017 #3
Allowing any body to have guns, let alone machine guns and be able to Iliyah Oct 2017 #2
They don't buy more guns just for Mr.Bill Oct 2017 #4
this is why the gun lobby never needs to run sales... Javaman Oct 2017 #5

exboyfil

(17,865 posts)
1. My daughter asked me last night if
Mon Oct 2, 2017, 01:21 PM
Oct 2017

She should move to another country before this happened. I am thinking maybe so.

George II

(67,782 posts)
3. Think about this....
Mon Oct 2, 2017, 01:30 PM
Oct 2017

So far in Chicago there have been more than 480 murders this year.

When I was in Toronto in June there was a murder that shocked the city (a city of roughly the same population as Chicago - 2.8M vs. 2.7M) It was their EIGHTEENTH murder of the year and they were concerned!!!!

Iliyah

(25,111 posts)
2. Allowing any body to have guns, let alone machine guns and be able to
Mon Oct 2, 2017, 01:26 PM
Oct 2017

walk and store them in your home, and hotel rooms, cars, etc. creates fear for others. Therefore, for many, the most logical thing to do is have guns of your own. It's a matter of time but we are headed for in streets shoot outs and the police won't be able to contain it.

Mr.Bill

(24,324 posts)
4. They don't buy more guns just for
Mon Oct 2, 2017, 01:32 PM
Oct 2017

purposes of self defense. They do it because they speculate the gun the want now will become illegal to buy tomorrow.

Javaman

(62,534 posts)
5. this is why the gun lobby never needs to run sales...
Mon Oct 2, 2017, 01:33 PM
Oct 2017

they have fear to do that job of selling all the old stock.

with each and every incident that occurs, more and more people have guns.

their mission is accomplished.

however, their idea of a well armed nation is a peaceful nation has quietly been put to bed as completely stupid.

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