Macro conditions for market are horrible right now; advance in BX
looks difficult at best. We just got a putrid jobs report for March minutes ago, revealing the disconnect between the stock market and what's really happening in this country...I can't tell you how many people I know who keep saying "recovery? what recovery?" Throw in Korea, the frothy levels the market (and BX) are at, and it's hard to see things continuing to advance from here in the short term.
I love BX, holding 800 shares right now, and I think long term, this stock is a big winner. But I expect plenty of pain in the short term, starting today. Actually, the pain for BX holders started over two weeks ago. The rally is over for right now.