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 . . .
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 currently trading 27% higher than the low immediately following the Newtown shooting.
Apparently Wall Street doesn’t think gun control is coming, even if the researchers do.