Stocks tumble on manufacturing weakness—here's what Cramer and other industry pros see ahead

RBC Capital Markets' Lori Calvasina, the firm's head of U.S. equity strategy, said she wouldn't be buying the market's dips just yet:

"We've looked at the last month or two, and we've said it seems a little bit odd to us. I mean, we do think stocks are going to be higher over the next year. We don't think we're headed into a recession. But you look at how markets have acted; they've acted like we're heading into this massive, sharp reacceleration in economic activity, and that just hasn't been our view. That's not what we heard in this last reporting season.

Jim Paulsen, chief investment strategist at The Leuthold Group, said one weaker set of results doesn't change an otherwise bullish layout: "Well, it's a bit [of a] weaker number, ... but I don't think it changes a lot. The international number, as you said, was better. A lot of numbers here have been better of late, too. The GDP Atlanta number just came way up to 1.7% for the final quarter. What I'm impressed by ... is the amount of unused capacity we have left even though we're in the 11th year of an economic recovery and bull market.

TradingNation They do EVERY DECEMBER

TradingNation I thought Trump was making America great again in manufacturing mining and drilling oh how could this be. Is it possible he only cares about himself and fkd the american ppl all along. Lets ask this expert if trump is up to no good.

TradingNation What a scham! Cramer hahaha

TradingNation Winning..

TradingNation CNBC

TradingNation CMBC just dying to hear ANYTHING about an economic decline! 😂 gross!

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