Walter Gerasimowicz, founder and chief investment strategist, Meditron Asset Management, told CNBC’s "Power Lunch" that a liquidity crunch could take the steam out of the current market.
"The biggest concern is going to be a liquidity constraint," Gerasimowicz said Thursday. "As long as we have liquidity in the marketplace, I believe we’ll continue to see the advance. However, if credit begins to tighten, and if we see consumer spending being constrained, then we may see the markets retreating."