Investors left with motion sickness over the stock market's roller-coaster ride this year need to strap in for the ride, a pair of market professionals told CNBC on Friday.
Equities remain the best bet going forward, said Ariel Investments' Charles Bobrinskoy on "Squawk on the Street." There's simply no other place to put your money right now, he added. His bullish calls come a day after a deep selloff across major indexes, with the S&P 500 losing 1 percent.
"There are no good opportunities in bonds," said Bobrinskoy, a vice chairman and director of research at Ariel Investments. "Bonds are grossly overpriced. People don't want to earn zero on their cash. Equities relative to other alternatives may not be screaming cheap, but they aren't overvalued like bonds. That gives an underlying floor to the stock market."