A pedestrian sporting a protecting masks walks alongside Wall Road in entrance of the New York Inventory Change (NYSE) in New York, U.S. on Monday, March 30, 2020.
Michael Nagle Bloomberg | Getty Pictures
Oaktree Capital co-chairman Howard Marks is leaning towards a extra destructive outlook due to the uncertainty from the coronavirus pandemic, however nonetheless, he mentioned traders can do some shopping for as "issues have gotten low-cost sufficient."
Talking to CNBC on Tuesday night time Japanese Time, the billionaire investor mentioned: "I personally suppose that securities are low sufficient to purchase just a little. Any individual mentioned to me, 'is that this the time to purchase?' I say no, 'this can be a time to purchase.'"
I by no means imagine that I do know when's the underside, however I do know issues have gotten rather a lot cheaper and it is affordable to do some shopping for. If it goes decrease, do extra shopping for.
Howard Marks
Oaktree Capital co-chairman
He urged traders to take a reasonable method in these unsure occasions, including that his method "shouldn't be black or white, purchase or promote."
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Supply cnbc.com
