Most daily trading is done by computers so don't expect them to be too rational. They are mainly driven by momentum and do not care about distributions,fundamentals,etc. Once they are off to a bad start they feed one another and it takes them awhile to correct. Those "dislocations" give long term buyers good entry points. JMO.
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.
Even the Saudis are mumbling about 30 being too low and about willingness to cut production if non OPEC countries do too (read Russia).
The dividend comes out of the stock price, it's a wash, and in this market the stock will drop more.