Smith & Wesson gapped up on Wednesday’s open

In the wake of Obama’s re-election, long-time gun control advocate Senator Dianne Feinstein (D-CA) is reportedly drafting legislation to ban thousands of guns including ALL assault (semi-automatic) rifles, high capacity magazines, and pistol grips.

Perhaps this explains today’s surge in stock of firearms manufactures such as Ruger and Smith & Wesson in the midst of the largest stock market rout in over a year today.