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Non-Tech : Kirk's Market Thoughts

COHR 178.06

+2.8%

Jan 9 9:30 AM EST

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To: robert b furman who wrote (2277)	11/18/2014 11:31:30 AM
From: Kirk ©	Read Replies (1) of 27007

Great points. Don't forget that this decline is essentially the same as a tax cut for those who need it most... 2% payroll tax cut on $$35K income was $700. The libs blame the deficit on Bush but forget that Obama gave every worker a 2% cut in taxes that had a huge effect of stimulating the economy. I believe part of the slow growth the past few years is the Obama tax cuts expired so us still working stiffs had a significant tax hike... I've read some are saving $20 per tank of gas. Fill up once a week and that is $1040 more a year in their pockets... could be a bigger effect in a positive way on consumer sentiment because many pay for gasoline with post tax, after paycheck cash... whereas the payroll tax just showed up.. .not the same as paying less for something and having more $ in your pocket as a result. You'll have to search my blog for "Oil Factor" to find the article for that goes with the table in this chart from several years ago... It would be interesting to see if the -1 to +30% still holds.

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