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

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” Im not saying go out,” he stated. “I believe that running out the marketplace is quite harmful today, and I think it would be a mistake to raise cash.” More trustworthy stocks can safeguard investors from huge losses if the environment modifications.

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” Im not saying get out,” he stated. More trusted stocks can secure financiers from huge losses if the climate changes.

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

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

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

Its time for financiers to begin making safer bets.

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

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

Financiers should think about taking a stake in energies, and decreasing their investments in more unpredictable tech stocks, he said.

(CNNMoney)–.

Though stocks have actually been soaring, Marks cautioned that we might be nearing the end of the bull cycle.

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

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

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