Once again, gun buyers
Although the firearms industry proved analysts wrong, in light of Republican nominee Donald Trump's upset victory in the presidential race -- and the subsequent sell-off in gun stocks -- it is right to ask just how much higher can gun buyer demand run?
Not looking at the big picture
The problem, of course, with Wall Street's analysis was they missed the anomalies that were occurring in individual criminal background-check numbers. An FBI
October's numbers were something of a reversion to the mean, but they might have been distorted, too, this time to the high side. After all, Kentucky reports on average 120,000 checks every month, but last month it reported 173,000, probably from a backlog. Most of the other states with anomalies, however, all seemed to be back on track.
And according to some, Trump's electoral victory ought to serve as something of a pressure relief valve for gun buyers who were fearful that President Obama -- and Democratic nominee Hillary Clinton, should she have prevailed -- would enact strict laws on access to firearms. With Trump purportedly...