The number of auctions on Gunbroker is a good indicator of consumer confidence in the firearms market. After Newtown and on the eve of Obama's reelection, the number dropped from its highest at about 120K to lower 60's-upper 50's. It stayed low during the Winter of Discontent (2012-13). I bet a bottle of brandy that a factory new AR15 would not sell for less than $900 again. I lost, before the end of the year. The index climbed up slowly but steadily. It has just topped 150K listings. Irrational exuberance? How much longer will this buyer's market last? Are people getting giddy trying to sell, forgetting the last hangover? Are you doing anything different to hedge your bets this time?