The fallout from the subprime mortgage sector is overdone, Peter Andersen, portfolio manager for Dreman Value Management, told CNBC’s “Morning Call.”
"I think we will see some more volatility over the next two to three weeks,” Andersen said Monday. “And, I think it’s a good opportunity for buying those names you like.”
Sam Stovall, chief investment strategist for Standard & Poor’s, said investors should be cautious. Calling himself a “single-digit bull,” he looked for slower growth ahead.