Obama Shooting Blanks?

Smith & Wesson shares spike during Obama presser
Smith & Wesson

Gun stocks have taken a beating in the wake of last week’s school shooting in Newtown, Conn. Private equity firm Cerberus has moved to sell the Freedom Group, a consortium of companies that manufacture guns and ammunition, including the rifle used in last week’s shooting.

Gun Sales Continue to Rise

News channels across the country report that local gun stores are seeing increases in demand for guns and concealed weapons’ permits two days after President Barack Obama’s reelection victory.