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The Blackstone Group L.P. Message Board

  • billlewisiv billlewisiv Jun 24, 2013 9:42 AM Flag

    Any history students out there? Look out below...

    Look, it doesn't matter how good BX is as a company or a stock. This is the same company that crashed to $3 a share four years ago. If the market blows, and boy, does it blow right now, BX is going to go down. You can't fight city hall. This meltdown has nothing to do with "the big boys wanting you to sell." It's general idiocy and players playing. This isn't your father's stock market any more, it's a casino. Buy and hold long term is an outdated, dangerous notion. Carolyn Novice absolutely nailed it a couple weeks ago, and even though I agreed with her, I've held and not sold. I'm not a "trader," I'm an investor. Too bad for me. She listed a half dozen factors pointing to an over-all market meltdown, and she was 100% correct. All you BX honks cursed at her negativity, but she was right. So if you were paying attention 4-5 years ago, you know that this snowball can roll a lot further down the hill.

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