Why it’s time for investors to go on the defense

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(CNNMoney)–.

Its time for financiers to begin making much safer bets.

” Markets Now” streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoneys business reporters, the 15-minute program features incisive commentary from experts.

Thats what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday.

Investors must consider taking a stake in energies, and reducing their investments in more unstable tech stocks, he said.

” Im not stating get out,” he said. More reputable stocks can protect financiers from huge losses if the environment modifications.

Marks likewise pointed to the trade war with China as another reason for financiers to tread carefully.

Defense is the name of the game for a few reasons.

Though stocks have been skyrocketing, Marks cautioned that we might be nearing completion of the bull cycle.

CNNMoneys “Markets Now” streams live from the NYSE every Wednesday at 12:45 p.m. ET.

” Defense is more vital than offense” right now, said Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.”.

” We have a trade battle with China, its most likely going to get solved, but it may go off the rails,” he stated. “And if it goes off the rails, it has very severe effects for the world economy.”.

” Im not stating get out,” he stated. “I believe that being out of the market is quite harmful today, and I think it would be an error to raise money.” But more dependable stocks can secure investors from huge losses if the environment changes.

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