This is hard to quantify. As of now, the official death toll is 58, with more than 500 wounded. Shares of MGM aren’t even down by 5%, in spite of the fact that this tragedy occurred on their property. To put this into perspective, this is the largest drop in MGM since June 30th, 2017 — after Deutsche Bank analyst downgrade the prospects for the hotel giant on the premises of having an ‘unlucky’ Q2.
On the other end of the see-saw are gun stocks. Shares of RGR and AOBC (formerly SWHC) are higher by 4%. Gun retailers showing strength, include VSTO and JOUT. I suppose traders are learning the lessons of Sandy Hook, bidding up gun stocks because people will buy more guns if they believe the government will pass laws that restrict them. The logic is decent. If a wild gunman mowing down children in an elementary school can’t provoke gun laws to be passed, nothing will.
Nevertheless, democrats are out in force again, calling for gun laws.
The smarter trade is probably to fade RGR and short MGM.
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Buy Wynn, it wanted higher before all this and don’t care.
Which LV casino hotels use bullet proof glass for the hotel room windows?
Yes, exactly. If the failed Sandy Hook false flag where a wild lone wolf gunman mowing down children in an elementary school couldn’t provoke gun laws to be passed, perhaps a wild lone wolf gunman mowing down adults at country music festival in Las Vegas can turn the average American against the Second Amendment in order for the Government to be able to begin gun confiscation throughout America.
3D printing—the bitcoin of future gun manufacturing.
I was planning a winter trip to Key West. Think I will now add Las Vegas to my tourism support tour.
Let the gun control begin where it belongs. Sorry Libtards. You can not have one. Be a good Commie.
Damn! Europe is being filled with terrorists, the Caribbean has been scorched by hurricanes, Barcelona has flooded itself with afrotrash for moar votes, Mexico is teaming with narcoscum, Canada is friendly to ragheads, California is a militant commie shithole, Las Vegas became a shooting gallery, etc. Where does a decent tax paying hard working decent American go for a relaxing vacation go now? Enquiring folks like me want to know!
Montana.
True that!!!
Too many Asians in Montana now taking over all the restaurants, parks, scenic views, etc… busloads buying up property and openly taking naps, spitting on sidewalks and just creating a fuckery of the entire state. Try going to the grocery store without elbowing your way through the crowd while they buy marshmallow creme pies.
The Mormons need to stand up and put restrictions on purchases of real estate and businesses or all there will be is Chinese Buffets in a few years.
Well, if by “decent” you mean bigotted, then by all means Go to Hell 🙂