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


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” Im not saying get out,” he said. “I believe that being out of the market is pretty hazardous today, and I think it would be a mistake to raise money.” However more dependable stocks can protect financiers from big losses if the climate changes.

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

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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 organization correspondents, the 15-minute program features incisive commentary from experts.

Stocks have actually been soaring, Marks warned that we might be nearing the end of the bull cycle.

” We have a trade battle with China, its probably going to get fixed, but it may go off the rails,” he said. “And if it goes off the rails, it has extremely severe effects for the world economy.”.

Marks likewise indicated the trade war with China as another reason for financiers to tread thoroughly.

Investors should think about taking a stake in utilities, and reducing their investments in more unstable tech stocks, he said.

Its time for financiers to begin making more secure bets.

” Im not stating get out,” he stated. More reputable stocks can safeguard financiers from big losses if the environment changes.

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

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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