Investors need to get used to market volatility because it is here to stay for some time, market pros said Thursday.
U.S. stocks closed mildly higher Thursday after surging earlier in the day. The Dow Jones industrial average was up as much as 249 points before ending about 30 points higher.
John Moninger, managing director of retail sales for Eaton Vance, thinks the volatility should be embraced.
"Sometimes risk tends to be an opportunity and are we really taking advantage of what's going on in volatility today? I'm excited by the prospect of volatility," he said in an interview with CNBC's "Closing Bell."
"You can find more values that way."
Retail investors, however, are hesitant to jump into the market right now, and fear is overriding decision-making, he noted.