NEW YORK (TheStreet) -- A double-digit drop in U.S. stocks would actually be healthy for the markets, according to the head portfolio manager at Vespula Capital.

"It's been a very frustrating market," said Jeff Tomasulo, who's also the firm's CEO. "We need a catalyst that's going to push us above this level and let us get some real good gains, or a catalyst that's going to get us a correction. I think a correction would be very healthy for this market right now."

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