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

Business

” Im not stating go out,” he stated. “I think that running out the marketplace is pretty dangerous today, and I think it would be a mistake to raise cash.” However more reliable stocks can secure financiers from huge losses if the climate changes.

You can see “Markets Now” at CNNMoney.com/ MarketsNow from your desk or on your phone or tablet. If you cant catch the program live, take a look at highlights online and through the marketplaces Now newsletter, provided to your inbox every afternoon.

PICTURE: CNN.

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

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

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

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

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

Marks also indicated the trade war with China as another reason for investors to tread carefully.

” Im not stating get out,” he said. More trusted stocks can secure investors from big losses if the climate modifications.

” 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 functions incisive commentary from specialists.

Its time for investors to begin making more secure bets.

(CNNMoney)–.

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.

Leave a Reply