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Power Play: Don't panic, the bull market is not over

Trader on the floor of the New York Stock Exchange.
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Trader on the floor of the New York Stock Exchange.

Stocks are rebounding on Tuesday following two straight days of losses, which pushed the market into a correction.

Despite the volatility, Neil Hennessy, portfolio manager of the Morningstar 5-star rated Hennessy Cornerstone Mid Cap 30 Fund, tells CNBC's"Power Lunch" don't panic and don't compare this to Black Monday.

Read MoreStocks trim gains, S&P still out of correction territory after selloff

"In 1987 the market lost approximately 25 percent of its value in a matter of 2 1/2 days but then returned over 24 percent over the next 12 months and in fact was up over 2 percent for the calendar year," Hennessy said.

He sees more value in the market place than speculation and believes the bull market is not over.

"I continue to think that with the fundamentals that are in place the Dow will reach 20,000 in the next couple of years," Hennessy said.

The Dow and S&P 500 are up two percent during trading, while the Nasdaq is higher by 3 percent.