An Oldie but Goodiebr /br /Here is a song parody that made the round in April 2000 and we all know what was going on in the stock market about that time. Amazing how it fits today. More after you read it.br /br /Sing this to “American Pie.”br / br / Humble Piebr / A long, long week agobr / I can still remember how the market used to make me smilebr / What I’d do when I had the chancebr / Is get myself a cash advancebr / And add another tech stock to the pile.br / br / But Alan Greenspan made me shiverbr / With every speech that he deliveredbr / Bad news on the rate frontbr / Still I’d take one more puntbr / br / I can’t remember if I criedbr / When I heard about the CPIbr / I lost my fortune and my pridebr / The day the NASDAQ diedbr / br / So bye-bye to my piece of the piebr / Now I’m gettin’ calls for marginbr / ‘Cause my cash account’s drybr / It’s just two weeks from a new all-time highbr / And now we’re right back where we were in Julybr / We’re right back where we were in Julybr / br / Did you buy stocks you never heard of?br / QCOM at 150 or above?br / ‘Cos George Gilder told you sobr / Now do you believe in Home Depot?br / Can Wal-Mart save your portfolio?br / And can you teach me what’s a P/E ratio?br / br / Well, I know that you were leveraged toobr / So you can’t just take a long-term viewbr / Your broker shut you downbr / No more margin could be foundbr / br / I never worried on the whole way upbr / Buying dot coms from the back of a pickup truckbr / But Friday I ran out of luckbr / It was the day the NAAAASDAQ diedbr / br / I started singin’br / Bye-bye to my piece of the piebr / Now I’m gettin’ calls for marginbr / ‘Cause my cash account’s drybr / It’s just two weeks from a new all-time highbr / And now we’re right back where we were in Julybr / span style=”font-size:100%;”Yeah we’re right back where w/spane were in Julybr /br /The credit for this one goes to an American investment banker working for CSFB in London, named Sean Brady, or so says one source.br /br /So how is this a good fit for today? Some might make the sentiment argument that Nasdaq in 1999 = Subprime in 2007.