Crunching historical numbers on stocks, one strategist who spoke to CNBC on Friday warned the market could see a painful 15 percent correction.
U.S. stock futures pointed to a triple-digit drop for the Dow Jones Industrial Average at the open on this last day of trading in a January, which has been a tough month for investors. (Click here for the latest prices)
(Read more: Why this decline isn't THE correction: Stock pros)
Rick Bensignor at Wells Fargo Securities told "Squawk Box" that his research shows parallels between the market highs in December and the peak in September 1929.