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Correction coming? Pro says market's run isn’t over

Fears of a stock market correction and mortgage crisis, along with international concerns, may be hanging over the market, but investment pro Anthony Valeri told CNBC the market's run isn't over.

"The real story here is U.S. growth and that's the main driver for markets, which we think will keep pushing stock prices higher," Valeri, investment strategist at LPL Financials, said in an interview with "Power Lunch."

On Wednesday, billionaire Sam Zell told "Squawk Box" he believes a stock market correction is coming. A day earlier, noted banking analyst Dick Bove wrote in a note to clients that he believes a mortgage crisis is coming this winter.

Read MoreSam Zell: Stock market correction coming

Traders work on the floor of the New York Stock Exchange in New York.
Getty Images
Traders work on the floor of the New York Stock Exchange in New York.

In addition to geopolitical concerns in Ukraine and the Mideast, there are also potential financial crises simmering in Europe, China and Brazil.

If the market sells off on any of those fears, Valeri said that presents a great buying opportunity.

Read More'Mortgage crisis' is coming this winter: Bove

"As long as the fundamentals are positive and improving, we would use weakness to buy here," he said. "The trajectory of the economy looks very good here over the second half."

Hugh Johnson, chairman and chief investment officer at Hugh Johnson Advisors, believes there is a "good chance" of a correction, but in the context of an ongoing bull market.

Read MoreBarney Frank's warning for Wall Street

"Maintain heavy exposure to equities but at the same time build some defense just in case we get that correction, which I think the odds are getting better," Johnson told "Power Lunch."

—By CNBC's Michelle Fox

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