Brendan McDermid | Reuters
"We believe the greater risk is that the impact of the
Investors have been grappling with the possible ramifications of the
"Equity markets are looking increasingly exposed to near-term downward surprises to earnings growth," Oppenheimer said. "While a sustained bear market does not look likely, a near-term correction is looking much more probable."
— CNBC's Michael Bloom contributed to this report.