671: The Sturm Ruger Metric: whoever wins, half the population will buy guns. @BrettArends
Image: A Soviet 7.62 mm SGM medium machine gun Brett Arends: @BrettArends; @Marketwatch ROI column; in re: Why is the market roaring? Jeff Bezos earned anther $2.5 billion from Amazon today. Markets are betting that Biden will be president, but he’ll have to work with a GOP Senate, so we don’t have to worry about the crazy people in the Democratic party. The Congressional vote is what drove this—no extreme wing in either party claimed control. If the markets thought there’d be no more stimulus, might not be as good. Note that the small caps are doing well. . . . The Sturm Ruger Metric: guns stocks: if we had a Democratic sweep, conservatives wd rush out and buy guns; if Trump won and there were riots, conservatives wd rush out and buy guns.