BX is a great enterprise but it has no control over what the trading public does. I will finish getting out of it once this expiration craziness is over. I will retain CG because its price is so low, especially considering its distributions. Not that I don't have enough scars in my hands for picking up falling knives.
Took me too long to learn that holding individual stocks is a losing strategy. That is why most managers cannot beat the averages. Market participants are traders and computerized programs that swing from sector to sector leaving destruction when they exit. You hold a "good" stock long enough it eventually gets hammered. You hold a sector that is being dumped (e.g. PE) you can go broke before it turns. I am gradually getting out of PE and will stay out unless a miracle happens to the sector. CG will be my last hold.
They crunch numbers but have no idea what the market will do. JPM's kept his targets practically intact. He just pushed them from year end 2015 to year end 2016. Easy.
We got it. You would think a strong economy is good for realizations. Bad for borrowing money. When sentiment is negative, the glass is half empty.