Waking up this morning to the horrific news out of Las Vegas, has left me somewhat baffled by US gun laws. If you haven’t seen the news already, a mass shooting in Las Vegas left at least 58 dead and +500 people injured. The gunman opened fire at a packed festival with some 22k attendees. A chilling YouTube video shows thousands of people attempting to flee or take cover, when bursts of gunshots are fired into the crowd. It’s so frightening. This is now the deadliest shooting in US history. You have to ask yourself, ‘What is on earth is wrong with Americans?’ Why are people allowed to buy semi-automatic weapons? I’m so glad I live in country where guns are banned. It took one massacre in Australia and that was it. Remember Johnny Howard? He’s the reason we don’t have this problem. In little over half an hour Martyn Bryant killed 35 people making it the third worst recorded killing worldwide. But what followed was historic. Twelve days after the Port Arthur massacre, PM Howard banned the importation and sale of automatic and semi-automatic weapons in the country. Since that day there has not been a single mass shooting in Australia. Not one. There’s a lesson to be learnt here. Obama said it numerous times ‘When Australia had a mass killing – I think it was in Tasmania – about 25 years ago, it was just so shocking the entire country said ‘well we’re going to completely change our gun laws’, and they did. And it hasn’t happened since.” In one emotionally-charged address, Obama wiped back tears and referenced a quote from Martin Luther King Junior and said “we need to feel the fierce urgency of now, because people are dying.” But what follows in financial markets after mass shootings in the US, baffles me even more. Gun stocks always rise after mass shootings. Last night they did exactly that. Shares in Sturm Ruger (RGR) known for its…

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