NRA Rhetoric on Gun Control Makes Wall Street Bankers Very Wealthy


Susanne.Posel-Headline.News.Official- obama.smith.wesson.navellier.wall.street.stocks.gun.control.sales.03_ocupycorporatismSusanne Posel,Chief Editor Occupy Corporatism | Co-Founder, Legacy Bio-Naturals

 

The hype from the National Rifle Association (NRA), as well as the conservative and alternative media, on gun rights being taken from citizens by the Obama administration has given bankers a buying opportunity on Wall Street.

Louis Navellier, a money manager with Navellier & Associates, has invested in Smith and Wesson, and Sturm, Ruger & Company, which has turned out to be a money making scheme as prices for these corporation’s stock have soared.

Navellier appeared on CNBC to brag about his winnings, saying: “Mr. Obama is the best gun salesman on the planet.”

For this Wall Street banker investment in gun stocks is a pure advantage taken because of the upset by republicans who believe they will lose their 2nd amendment rights.

Susanne.Posel-Headline.News.Official- obama.smith.wesson.navellier.wall.street.stocks.gun.control.sales_ocupycorporatism

Navellier explained: “Everybody is so desperate for earnings. The strong dollar is crushing company earnings. As a professional manager, I’m looking for companies with real sales and real earnings.”

And since “nobody told [Naveiller] not to buy guns”, he sees this controversy as a way to make a lot of money.

Earlier this week, stock shares for Smith & Wesson (SW) were up more than 6% in premarket trading.

SW are expecting sales to reach between $175 and $180 million by the end of January. And for the end of April, SW is projecting revenue for the company of an upwards of $660 million.

Susanne.Posel-Headline.News.Official- obama.smith.wesson.navellier.wall.street.stocks.gun.control.sales.01_ocupycorporatism

And thanks to the hype created by conservative and alternative media, guns sales for Christmas saw a huge upward rise of 24% over 2014. On Black Friday alone, the Federal Bureau of Investigations (FBI) processed 185,345 background checks for firearms.

Front and center is the NRA who are leading the charge against any measures to tighten existing gun laws. Since this mega-lobby group has paid off so many of the lawmakers on Capitol Hill, the NRA is now digging in its heels against the president’s decision to choose executive orders, saying that he is “defying the will of the people and using executive action”.

The NRA used their familiar battle cry and succeed in convincing lawmakers that gun control laws created by the Obama administration were aimed “primarily at law-abiding American gun owners,” and that “prohibiting the possession of firearms doesn’t stop criminals from illegally acquiring them,” and that the bills were “sponsored by gun control extremists.”





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