Four-star fund manager Robert Millen thinks it's a good time for investors to be looking at quality growth companies.
He admits that there may be some more darkness before the dawn.
"Predicting when the market is going to change is always very difficult, and usually, people are wrong," he told CNBC. "My guess is that we're going to have some more volatility before it reaches its bottom."
Topping his "quality growth" list is orthopedic equipment maker Stryker.
"It's a great company, very consistent, a growth company over the years," he said. "They're in a market that has strong tailwinds, with people wanting to live longer, happier lives."
He also likes Emerson Electric.
"Emerson's a global play," he said. "This is a company that puts in these large air conditioning- heating-ventilation systems in industry around the world, with a strong focus on the developing markets."
Also on Millen's list is Procter & Gamble.
"Twenty-three brands, over a billion dollars for this company," he said. "Tremendous company with good pricing power in a tough market."