Your mileage may of course vary, but as I said, in my circles it wasn't so much a knee-jerk reaction as a decision to take the occasion to buy in bulk.
I haven't yet met any of the stereotypical deranged gun owners that I keep hearing about. Although I'm not a gun owner myself, I have visited ranges and gun shops throughout the US and all the "gun people" I've met have been peaceful, helpful, open-minded, and friendly.
And FWIW, you don't need to subscribe to a "deranged anti-Obama conspiracy theory"; the market mostly moved (quite rationally) after the Obama administration announced support for the so-called UN Treaty on Trade in Small Arms. The conference concluded without adoption of a treaty, but US support has made it more likely, and passage may well mean decreased availability of small arms and ammunition.