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

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” Defense is more important than offense” today, stated Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.”.

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

” Im not stating go out,” he said. “I think that being out of the market is quite harmful today, and I think it would be a mistake to raise cash.” More trusted stocks can safeguard financiers from big losses if the environment changes.

” We have a trade fight with China, its probably going to get fixed, however it might go off the rails,” he said. “And if it goes off the rails, it has really serious effects for the world economy.”.

” Markets Now” streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNNMoneys organization correspondents, 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.

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

(CNNMoney)–.

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

” Im not stating get out,” he stated. More trustworthy stocks can secure financiers from big losses if the climate modifications.

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Financiers need to consider taking a stake in energies, and reducing their investments in more unstable tech stocks, he stated.

IMAGE: CNN.

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

Its time for investors to start making safer bets.

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