Expert: "There has been a buying surge that will show up in profits, but it won't be sustained," said Michael Farr, president of Farr Miller & Washington, an advisory firm. "The demand increase has been pulled forward because of the threat of legislative action." As a result, sales may slow going forward. This means a likely rally on anticipation of strong quarterly results in the near term, but a temporary one, Mr. Farr said.
Here's what he is missing: A lot of people don't know anything about guns now ... and they don't own one. Now they want one, but you don't just start shooting ... it's like learning to drive. There is a waiting list to sign up for training. Once people learn how to shoot, they will want to trade in their starter gun on a new, bigger gun. Then once they feel comfortable with a gun in the night drawer, they will want one to carry. Then once they learn more about firearms, they will want a shotgun for home protection. This could go on a lot longer than anticipated by the so-called experts.
Bubbles occur when the federal government bombards an otherwise free market with money, thereby distorting it. The "housing market" is an example of a bubble; the government saw to it, directly and indirectly, that people who could not honestly afford a home, could buy one anyway.
FIrearms are a "hard commodity", generally bought with someone's own money, not the government's. If maintained properly, they hold their value. (Something that the U.S. dollar isn't doing.)
Statistics show 20% of the gun owners own 65% of the guns. So something like 80% of the gun owners have only one gun.
Experts really aren't accounting for the potential for multiple gun ownership ... they are only thinking "one man, one gun" ... but there's still a lot more people out there that want a whole friggin' arsenal! Because you may not have time to reload!
Difference between housing and guns is ... investors were buying houses and flipping them. You can't do that with a gun: there's not the market for used guns that the "experts" think. It's like buying a used car ... there's a good chance something is wrong with it. Most knowledgeable gun people want to buy new guns.