If you’re confused about whether now is a good time to buy or sell stocks, don’t look to CNBC to provide you with any clear guidance as the increasingly gloomy outlook for the global economy and equity markets has seen a fair number of bearish headlines mixed in with the usual complement of bullish ones. Here’s a good example from earlier today:

Markets Will Rally Into Year End: Strategist

So where should investors look to put their money amidst the uncertainty? Jay Leupp, senior portfolio manager at Grubb & Ellis AGA; and Harry Clark, founder, president and CEO of Clark Capital Management Group, discussed their views.

“Looking at the broader market, we see 14 to 15 percent earnings growth for the next couple of years,” Leupp told CNBC.

“We see a good value entry point here.”

World at Risk of Folding in on Itself: Deputy Doom

The global economy is at risk of folding in on itself unless policy makers face up to the threats of inflation inflexibility and exchange-rate inflexibility, according to Arun Motianey, director of fixed income strategy at Roubini Global Economics.

A Japan-like outcome is a big risk for the developed world with deflation a big danger, he said.

Recent figures show that the recovery is sputtering in the US while China’s booming growth has slowed down slightly, as Beijing unwinds stimulus measures.

One could argue that simply because there are regular bearish views on equity markets at the network, the situation must be quite dire. It’s no wonder that retail investors have withdrawn more money from the stock market than they’ve added over the last year or so.