My heart goes out to the victims, the families and friends of the tragedy at Sandy Hook Elementary School in Newtown, Connecticut.
Out of respect for the victims and their families, I neither traded nor recommended a trade on gun stocks since the tragedy. After all making money is the last thing on our minds at this difficult time. It was obvious on Friday that a lot of money could be made by short selling gun stocks, but my emotions were too raw to make money from this despicable crime.
We Americans have a tradition of picking up after tragedies and moving on. It makes us stronger. My emotions are still raw and I am not taking sides in the debate on gun control. Knowing that people wiser than I are addressing this matter to prevent such massacres in the future, in the American tradition I have to pick up the pieces and move on with my job to help my subscribers make money.
On the first blush it seems counter intuitive that the tragedy in Connecticut will make gun sales go up, but that is how it has worked over the last 30 years.
Gun Control Debate Reignited
Every time we experience an incident such as the one in Connecticut, gun control debate gets reignited. This incident is different because 20 small children were killed. On one side are the people who at a minimum like to see combat type weapons banned…Read more at Forbes