I agree, the ammo will only stabilize when most people feel they are adequately stocked. Looking at earnings data and such for publically traded entities like Smith & Wesson, Ruger and to a certain extent Alliant Tech Systems (hard to split out their Sporting division though, but that is where RCBS, Hoppe's, Federal, CCI, Speer & Savage etc are rolled into) indicated the Obama-Effect (AKA - NRA Gun Salesman of the Year) has dropped off considerably, but the pullback hasn't occured in ammo as yet, especially for .22LR, but prices seem to be pulling back a little bit. So unless something happens to stoke up fears again it will be up to reaching that comfort level before availability increases and prices ease back a little more.