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Headwinds are Structural in Nature, Will Last Several More Years: Strategist

4:00 AM ET Thu, 15 March 2012

Gerry Fowler, global head of equity & derivative strategy at BNP Paribas, told CNBC, "we are continuing to push up against the headwinds that I think are very structural in nature and going to last several more years and with volatility the VIX index now below 15 percent it is definitely time to be locking in some of those profits with cheap protection."