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

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

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

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

Marks also pointed to the trade war with China as another factor for investors to tread carefully.

” 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 very severe repercussions for the world economy.”.

Investors need to think about taking a stake in utilities, and decreasing their financial investments in more unpredictable tech stocks, he stated.

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

Its time for financiers to begin making safer bets.

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

” Im not saying get out,” he stated. More reputable stocks can protect investors from big losses if the climate modifications.

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

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

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