” Defense is more vital than offense” today, stated Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.”.
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Its time for financiers to start making much safer bets.
Defense is the name of the video game for a few reasons.
” Im not saying get out,” he stated. “I believe that being out of the marketplace is pretty harmful today, and I believe it would be an error to raise cash.” But more trusted stocks can protect financiers from big losses if the environment changes.
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” Im not stating get out,” he said. More trusted stocks can safeguard financiers from huge losses if the environment changes.
Marks also pointed to the trade war with China as another factor for investors to tread thoroughly.
Stocks have actually been soaring, Marks warned that we may be nearing the end of the bull cycle.
” We have a trade fight with China, its most likely going to get solved, but it might go off the rails,” he said. “And if it goes off the rails, it has extremely serious repercussions for the world economy.”.
Thats what Howard Marks, co-chairman of Oaktree Capital, informed CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday.
Investors need to think about taking a stake in energies, and reducing their investments in more volatile tech stocks, he said.