Why gun stocks soared after Obama's win.

In a repeat of 2008, traders anticipated an increase in firearm sales after the election.
By Kim Peterson 10 hours ago

In a reaction that surprised absolutely no one, investors rushed into gun stocks after President Barack Obama's win, expecting firearm sales to soar soon.

Gun makers Smith & Wesson Holding (SWHC +3.76%) and Sturm Ruger (RGR +4.24%) rose sharply Wednesday in a repeat of sorts of the response to Obama's first presidential victory in 2008. Gun stocks have performed well over the four years of Obama's term. Sturm Ruger, for example, rose from $7.04 on Election Day in 2008 to $47.68 Wednesday, Reuters reported.

Why gun stocks soared after Obama's win- MSN Money