Emerson Electric (EMR) hasn’t been left behind in the recent industrials rally, but it also hasn’t really distinguished itself as an outperformer, as it seems that the Street is concerned about the risks of slowing non-residential spending (particularly in China) and weaker process automation spending in the face of weaker oil prices. My concerns have more to do with the fickleness and short attention spans of institutional investors; Emerson has most likely past through its point of peak growth, and I have some concerns that the shares could underperform as investors look for