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Power Play: Why the bull market is not over

Traders work on the floor of the New York Stock Exchange.
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Traders work on the floor of the New York Stock Exchange.

The Dow selling off on Tuesday and is down two percent over the past two-months, but two market veterans say don't panic.

Robert Pavlik, chief market strategist at Boston Private Wealth, tells CNBC's "Power Lunch" on Tuesday he remains positive on the overall U.S. equity markets.

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"I see the cause of the pull back in the overall market that began during the third week of June as result of weak hands overreacting to the uncertainties related to a possible Greek default. As June wore on additional concerns related to Chinese stocks weighed on equity prices, however this news appeared to be less impactful," Pavlik said.

Jeffrey Saut, chief investment strategist at Raymond James, believes the bull market is not over.

"We're in a secular bull market that started in 2009 and lasts 10-15 years," Saut said.

Saut sees the economy re-accelerating in the back half of the year.

The Dow, S&P 500 and Nasdaq all lower during trading.