Amidst cries of "sell in May," strife in Europe, doubts over China, mushy economic data, a collapse in commodities, unease over QE2 ending and even a "world is ending" prophecy, Jeff Kleintop is calmer than a Dead Sea low tide.

"They're running out the door," the chief market strategist at LPL Financial says in reference to $2 billion of individual investor stock fund redemptions over the past two weeks.

His confidence is rooted not only in that contrarian indicator but also in the plunge in bullish sentiment as measured by the latest AAII survey.

"As we pass judgment on the recent market and economic performance, we find the evidence to be much less than apocalyptic," he says in his most recent note, Judgment Day. "The most important conditions are much better now than a year ago and, as investor sentiment rebounds, we expect commodity prices to rise after the sharp pullback over the past several weeks."

Kleintop says that, if you add in the fact that 10 of the past 11 economic

If ''seeing is believing" then it's probably safe to say that if you don't like what you see, you're probably not going to be a believer. Such is the case with Simon Baker, founder of Baker Ave Asset Management and Friend of Breakout, who has just returned from an eye-opening 10-day trip to the Middle Kingdom that left him a changed man. Changed in that when he got home he — and his entire eight-man entourage of hedge-fund managers — sold all of their Chinese stocks. Whether you agree with his analysis or not, you have to acknowledge that it's a bold reversal on a country that is at the heart of the global growth story.

Baker says he's not entirely abandoning the long term China growth story but is instead looking at different ways to play it. First and foremost he says he's avoiding any direct investments into China, as well as into any of the many Chinese ETFs or IPOs.

For him, the way to play it is via U.S. multinationals that offer Western-style accounting, management and