The Day The NASDAQ Died

(To the tune of American Pie)

A long, long week ago I can still remember

How the market used to make me smile

What I'd 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 I'd take one more punt

I can't remember if I cried

When I heard about the CPI

I lost my fortune and my pride

The day the NASDAQ died

So bye-bye to my piece of the pie

Now I'm gettin' calls for margin

*Cause my cash account's dry

It's just two weeks from a new all-time high

And now we're right back where we were in July

We're 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 what's a P/E ratio?

Well, I know that you were leveraged too

So you can't 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 NAAAAASDAQ died

I started singin'

Bye-bye to my piece of the pie

Now I'm gettin' calls for margin

*cause my cash account's dry

it's just two weeks from a new all-time high

and now we're right back where we were in July

We're right back where we were in July

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