Steer Clear of Blackstone

The worst part is that they'll still whine about their poor perception among the public when this boom cycle finally reverses and the public realizes it has been had by Wall Street and its cronies again. People can and will explain how this is a great opportunity for the public to participate in private equity and so on, and certainly I do agree that more options for the public and more participation in capital markets is always a good thing -- in the long run. In the intermediate-term, though, I'm not sure this is anything but a bad setup.

Like I said though, selling equity in private equity is a great idea here. If Blackstone's selling, shouldn't you be?