U.S. stocks are sinking on worries about Europe's growth?here are 5 experts' reactions

Keep Me Logged InU.S. stocks took a hit Thursday on concerns around global growth after the European Central Bank cut its forecast for 2019 and announced plans to stimulate the European economy, but Wall Street experts say it's not all bad.Even as weaker growth and inflation in Europe typically don't help the U.S. economy, some see the decision by ECB President Mario Draghi as a welcome reprieve for a U.S. stock market that has seen especially volatile trading in recent months.Here are five experts' takes on Thursday's moves:• Art Hogan, chief market strategist at National Securities, saw the action as the beginning of U.S. stocks digesting their recent rally: "Our clients very much are attuned to the fact that we went down too far, too fast in the fourth quarter of last year, particularly in December. I think we're at that period now, so I'm not surprised at all [that we're] finding ourselves spending some time between 2,750 and 2,800, unless and until we actually see the manifestation of good news coming out of the things we've started to price in, things like the trade war being over. So far, it's not terribly inspiring a bounce."• Liz Young, director of market strategy at BNY Mellon, said recession worries were probably overblown: "The data doesn't go back very far, but since the '70s, it's never been the case that somebody else leads us into a global recession. When a market is up 10, 11, 12 percent in two months, the first two months of the year, it was a lot easier to make a case for it to pull back."• Gilman Hill Asset Management's Jenny Harrington agreed, contending that maybe it's time for the U.S. market to simply "bump along" for a while: "I think we can make new highs. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Data also provided by