While many investors continue to fret over the latest round of selling in the global equity markets, David Katz, Matrix Asset Advisors' chief investment officer, has one message.
"We would not get too crazy about this selloff," Katz said Monday in a CNBC "Squawk Box" interview. "We actually think we're closer to being done with this selloff than the start. If you look at last year, there were five selloffs [and] the market regained its highs after about 30 days from its selloff."
Katz made his remarks after China's Shanghai composite plunged more than 8 percent while Japan's Nikkei 225 fell over 4 percent. European equities were also led lower by the selloff in Asia, as the pan-European STOXX 600 index dropped about 3 percent.
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U.S. futures were also sharply lower, with Dow Jones industrial average futures trading down more than 450 points.
"Problems always seem a lot worse when they're happening," Katz added. "If you look back at last September-October, you had Ebola, which was a real concern. You had the Chinese markets slowing down [and] there was a significant fear we were going back into a slowdown. It didn't pan out that way."
Tom Lee, founder of Fundstrat Global Advisors and a longtime U.S. bull, said that the only way this bull market would end is with a global recession.
"I think the odds of that are low," Lee said in another interview. "I know people are worried about China, the real theses, in our view, is that growth orientation is shifting back to the U.S. being a driver for global growth and that's what the markets are finding equilibrium for."