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Is Sandy Hook What It Takes to Hurt Gun Stocks?


In the wake of the school shooting in Connecticut, companies are finally unloading their firearms.

These are all early readings, however. Outraged presidents have vowed "never again" in the wake of mass murders – remember Columbine? The murders on the Long Island Rail Road? They wound up reluctant to deploy their political capital by pushing for significant reforms. And, as I noted back in the summer, trying to push through effective new laws would make the debate over Obamacare look like a walk in the park.

For the coming weeks and months, until it becomes clear whether this is just a more intense and acute response to these all-too-frequent bouts of gun violence that have claimed the lives of all too many American citizens in recent decades, gun manufacturing stocks are likely to remain under pressure. As the nation's mood has shifted dramatically to one extreme, it won't be until the emotion dissipates that we'll be able to judge what lies ahead for Sturm Ruger and Smith & Wesson. And even then, last week's tragedy has made owning them a higher-risk proposition.

Editor's Note: This article by Suzanne McGee originally appeared on The Fiscal Times.

For more from The Fiscal Times:

Gun Industry Has Boomed During Obama Years

Boehner's Plan 'B' Gives GOP Leverage on Tax Hikes

The Alarming Corruption of the Think Tanks

Follow The Fiscal Times on Twitter @TheFiscalTimes.
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