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


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

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



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

” Im not saying get out,” he stated. “I believe that being out of the marketplace is pretty dangerous today, and I believe it would be a mistake to raise money.” More trusted stocks can secure financiers from huge losses if the environment changes.

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

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

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

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

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

Financiers ought to think about taking a stake in utilities, and reducing their financial investments in more unpredictable tech stocks, he said.

Its time for financiers to begin making safer bets.

” We have a trade battle with China, its probably going to get solved, however it may go off the rails,” he said. “And if it goes off the rails, it has very serious repercussions for the world economy.”.

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