1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sydnee Gatewood
Sydnee Gatewood
Articles (2485) 

Howard Marks Says Buying at Current Levels Is ‘Not Irrational’

Investor shares his perspective on the market environment in CNBC interview

March 18, 2020 | About:

On CNBCs Closing Bell on March 16, Oaktree Capital Co-Chairman Howard Marks (Trades, Portfolio) discussed the current market environment following its significant selloff last week in the wake of the coronavirus pandemic and the oil price war.

The major U.S. indexes suffered one of their worst days ever on Monday as the Dow Jones Industrial Average tumbled 12.9% and the S&P 500 Index sunk 12%. The Nasdaq Composite lost 12.32%.

Since the market is pricing in a bad scenario, the renowned guru said it makes sense for investors to be buying into the market.

I do think that here we are down 30 [percent] from the high and the high in my opinion was not a crazy high I think we have value here, he said. And Ive expressed the view that spending some money is not irrational here.

Despite seeing value in the market, Marks did caution against investors spending all their money as the selloff may be far from over.

Watch the full segment below.

Read more here:

Not a Premium Member of GuruFocus? Sign up for afree 7-day trial here.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

Rating: 4.0/5 (1 vote)



Please leave your comment:

Performances of the stocks mentioned by Sydnee Gatewood

User Generated Screeners

pascal.van.garsseHigh FCF-M2
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)