Originally Posted by Nwahs !!
Okay so this is what is going on with Blackstone.
They appear to have a significant interest in the banking sector. Unfortunately for them (good for us) they went public just when the banking industry started to get clobbered.
Their banking investments are hemorrhaging money, and preventing them from turning a profit.
I would buy this stock as soon as fed cuts interest rates enough to bail out the banking industry.
Well I was basically saying wait for the feds to bailout the banks, so right after that would hgave been great timing. I could smell the bailout a mile away.,