Emotion is ruling the stock market, but that provides some opportunity for those who know where to look, trader Jeff Kilburg told CNBC on Monday.
While Kilburg admitted that remark was "tongue-in-cheek," he said the emotion in the market is real.
"Investors have to be patient and find the names that they want to own and wait for that opportunity. It's coming," he said.
Jack Bouroudjian, chief economist and founder of UCX, said the market is seeing extreme moves because it is at extreme levels.
"When these markets break, let's keep in mind that these are the breaks that we've all been waiting for," he said Monday on "Closing Bell."
Meanwhile, nothing has changed as far as tax reform and the repatriation of corporate profits, said Bouroudjian, also a CNBC contributor.
"All of that is still fundamentally very, very bullish for stocks. All we've done is taken some of the multiple out, in which case, you know what? You're finding value," he noted.
Russ Koesterich, portfolio manager at BlackRock, concurs that the volatility is so elevated because valuations are elevated.
"There is no real news that would get you to aggressively buy today other than a little bit of looking for some bargains that were maybe not there a week ago," he said on "Closing Bell."
However, there may be another force that could soon stabilize stocks.
"Earnings are the lifeblood of the market," Bouroudjian said.
Earnings season kicks off later in the week with financial companies BlackRock, Citigroup, J.P. Morgan Chase and Wells Fargo all scheduled to release their quarterly results.
— CNBC's Fred Imbert contributed to this report.
Disclosures: Kilburg owns shares in Visa and Chubb.