28
Nov

The Day The NASDAQ Died

Sung to the tune of American Pie
A long, long week ago
I can still remember how the market used to make me smile

What Id do when I had the chance
Is get myself a cash advance
And add another tech stock to the pile.

But Alan Greenspan made me shiver
With every speech that he delivered

Bad news on the rate front
Still Id take one more punt

I cant remember if I cried
When I heard about the CPI
I lost my fortune and my pride
The day that NASDAQ died

So bye-bye to my piece of the pie
Now Im gettin calls for margin
Cause my cash accounts dry

Its just two weeks from a new all-time high
And now were right back where we were in July

Were right back where we were in July

Did you buy stocks you never heard of?
QCOM at 150 or above?
Cos George Gilder told you so

Now do you believe in Home Depot?
Can Wal-Mart save your portfolio?
And can you teach me whats a P/E ratio?

Well, I know that you were leveraged too
So you cant just take a long-term view

Your broker shut you down
No more margin could be found

I never worried on the whole way up
Buying dot coms from the back of a pickup truck
But Friday I ran out of luck

It was the day the NAAAASDAQ died

I started singin
Bye-bye to my piece of the pie
Now Im gettin calls for margin
Cause my cash accounts dry

Its just two weeks from a new all-time high

And now were right back where we were in July
Yeah were right back where we were in July

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