The first four years of the Obama administration were extremely lucrative for the gun industry and with Obama's reelection Tuesday, gun stocks have skyrocketed.
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Even as the broader markets fell sharply, the re-election of President Barack Obama sparked a rally for shares of two major firearms companies Wednesday. Smith & Wesson Holdings (US:SWHC) was up 8% while Sturm Ruger & Co. (US:RGR) gained 6%. The jumps mirrored a similar surge in 2008 and 2009 when fears - later proven to be unfounded - of new regulations on gun ownership generated brisk sales.
President Obama has been credited with being the "best gun salesman in America" and for good reason.
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