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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (8532)	12/17/1997 6:29:00 PM
From: Bill Wexler	Read Replies (4) \| Respond to of 9285

ALL: here's another fun contest!!! I've been reading that some economists are beginning to think that earnings growth can't continue at the same torrid pace forever (duh). If earnings growth projections are cut from 14% to 9% then the dividend discount model projects that the S&P is overvalued by 40%. Here's the contest: Since we all know that stocks can only go up, come up with the best explanation for why slowing earnings growth is actually bullish for the stock market. This is a great chance to pretend you're Abby Joseph Cohen or Joe Battapaglia!! Winner receives his or her choice of an AVNT, ZITL or ZONA stock certificate - suitable for lining bird cages.