NEW YORK (TheStreet) -- Market volatility has been climbing in 2014 compared to 2013's relatively calm trading environment. Real Money Pro contributor Chris Versace explained to TheStreet's Brittany Umar why heightened volatility can actually be a good thing for long-term investors.
When volatility increases, investors begin to feel panicked, scared and nervous. But it's these emotional missteps that Versace says can provide excellent buying opportunities for other, calmer investors. However, in order for it to be considered a good buying opportunity, investors need to make sure the fundamentals are still intact, he added.
General Motors also has a lot of exposure to China, which continues to see strong demand for new automobiles. The U.S. also has one of the oldest fleets of vehicles on the road, meaning there should be solid demand to replace these vehicles.
"The fundamentals for the automotive market are very strong," Versace concluded.
-- Written by Bret Kenwell in Petoskey, Mich.