Posted May 9, 2015 7:00 pm by Comments

By Dan Zimmerman

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Reader TT writes:

University of Maryland “researchers” — and I use that term loosely — use a false assumption that a drop in stock prices must be due to the stock market’s belief that gun control is coming. They define mass shooting as four or more deaths. In addition (or more conveniently for their “study”) they only track stock prices in the short term after these shootings. The intervals used were 2, 5, 10 and 30 days after each shooting. They claim stock price declines any time after that could not be directly attributed to the mass shooting. The stock prices tracked are Ruger and Smith & Wesson . . .

The impression you get is from this article that these firms are failing. The truth about gun stocks (see what I did there?) is that after the first 30 days or so after Newtown, Smith & Wesson’s stock skyrocketed. Even after a correction in the second half of 2014. The stock never dropped to the price level when Newtown occured and has climbed once again.

Ruger’s stock shows a similar climb although it did drop below the price level of Newtown during the 2014 correction. Ruger’s stock is …read more

Source:: Truth About Guns

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