Gun stocks are down: PR will be needed
Steve’s breakdown: Say what you want about gun control but the market has already spoken. Gun stocks are down and if new laws go through, they will go down furthur. We suspect these companies are going to have to do some damage control and will need representation.
SPRINGFIELD, MA & SOUTHPORT, CT: Markets are surging right now with the S&P 500 up a solid 1 percent. However, gun stocks are big losers today.
In the wake of Friday’s tragic elementary school shooting in Newtown, Connecticut, U.S. leaders are ramping up their efforts to tighten controls on guns.
“In the coming weeks, I’ll use whatever power this office holds to engage my fellow citizens, from law enforcement, to mental health professionals, to parents and educators, in an effort aimed at preventing more tragedies like this, because what choice do we have?” said President Obama in Newtown last night.
California Senator Dianne Feinstein said that she intended to introduce an assault weapons ban bill on the first day of the new Congress in January.