” Im not stating get out,” he said. “I believe that being out of the marketplace is pretty dangerous today, and I think it would be a mistake to raise cash.” More dependable stocks can safeguard investors from huge losses if the climate modifications.
” We have a trade battle with China, its most likely going to get resolved, however it might go off the rails,” he said. “And if it goes off the rails, it has really serious consequences for the world economy.”.
Stocks have actually been soaring, Marks cautioned that we might be nearing the end of the bull cycle.
” Im not stating get out,” he said. More trusted stocks can secure investors from big losses if the climate modifications.
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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.
Financiers should consider taking a stake in energies, and decreasing their investments in more unstable tech stocks, he said.
Defense is the name of the video game for a couple of factors.
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Its time for investors to start making more secure bets.
Marks also pointed to the trade war with China as another reason for investors to tread carefully.
” Defense is more crucial than offense” right now, said Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.”.
” 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 functions incisive commentary from specialists.