Warren Buffett on stocks

Legendary investor Warren Buffett appeared on CNBC's Squawk Box Wednesday morning to answer the biggest questions regarding the global economy, stocks, Election 2012, and more.

The CEO of Berkshire Hathaway (NYSE: BRK.A, BRK.B) remains confident that the U.S. is in better shape than other regions and he still believes the stock market is the best place for your money.

But with so much global uncertainty still swirling around, Buffett isn't ready to go on a buying spree.

Asked what investors should do, here's what Buffett had to say.