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What to do?
So do I dump my 2nd Amendment stocks?
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Stocks/Investments Moderator
Why did you buy them? If you bought them because you thought Clinton was going to win, then that was a gamble and not an investment. The election was a binary event. After the initial moves, that will happen in the next couple of days, the market will go back to earnings, profits, economy.
To be honest, I think the gun stocks would have sold off on a Clinton win. Gun manufacturers may have been facing some negative legislation.
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Gun stocks correlate with people's fear of losing rights to guns, fear of access to purchase guns, and fear of other people with guns. Gun stocks soar when there is a mass killing and when legislation restricts and prevents people from purchasing guns. I think with Trump in office, gun stocks will go down because he shows no interest in restricting our access to guns.