Pro: Dow Is 'Overvalued' And Will Test 15,000 Level; There Are Only 'A Few Dozen' S&P Investible Companies

Ronni Moas of Standpoint Research doesn't think the stock market will "go down hard," rather, it is just "overvalued."

Speaking as a guest during CNBC's edition of "Halftime Report" on Wednesday, the fund manager said that he concluded the Dow could test the 15,000 level based on his proprietary 155-variable model, which he developed over the span of five years.

Related Link: How To Stick With Emerging Markets If The Dollar Rebounds

He continued that less than 10 percent of all S&P 500 companies are catching his interest. Moreover, 20 percent of all the names in the S&P 500 index are trading at less than 13 times "speculative estimates" for next year, and half of those names are "value traps."

"People that look at value as I do, we only have a few dozen names to even consider right now," Moas said.