Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (121054)	6/27/2002 11:04:32 AM
From: carranza2	Read Replies (4) \| Respond to of 152472

Humble Pie: The Day The Nasdaq Died Sing 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 I poured my paycheck into Datek Now 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? Q COM at 150 or above? 'Cos your plumber 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 NAAAASDAQ died I started singin' Bye-bye to my piece of the pie I poured my paycheck into Datek Now 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 Yeah we're right back where we were in July Now for ten days, we've been on our own And E-trade won't pick up the phone But that's not how it used to be When investors snapped up EMC With cash they borrowed easily And a quote that flashed up permanently green Oh, and just as things were turning 'round Joel Klein slapped Mister Softee down The courtroom was adjourned A guilty verdict was returned And while Gilder read a book on quarks Buffet smirked and Greenspan barked The bulls were eaten by the sharks The day, the NASDAQ died I started singin' ... Manic panic, it's just like the Titanic Unsinkable and now under the Atlantic We're at four thou and falling fast All at once the bottom-fishers pounced But that just caused a dead-cat bounce 'Cos Mister Softee, from the sidelines, preannounced Now the graph-lines showed complete collapse While the margin calls were coming fast We all were forced to sell Our Apple, E-Bay and Intel Then the bear funds moved to take the field And the long bond shed a point of yield Was Glass-Steagall ever really repealed? The day, the NASDAQ day We started singing... Oh, and suddenly we're underwater Millionaires all hot and bothered With no cash left to buy again So come on, Fed be anxious, com-pen-sate By lowering the discount rate 'Cause easy money is a bubble's only friend Oh, and as I watched the index fall I received the dreaded margin call No broker born in hell Could make me want to sell But as my gains fell fast into the crash E-Trade began demanding cash The talking heads were talking trash The day, the NASDAQ died They were singing... I met an analyst for Micromuse I asked him for their earnings news But he just smiled and turned away I logged on to the trading floor Where I made my fortune weeks before But they demanded to see cash before I played And on T.V. the ticker streamed Kudlow cried and Barton dreamed Not a bullish word was spoken The daytraders were choking And the three stocks I acquired last AMAT, Dell and Infocast Couldn't catch a bid and faded fast The day, the NASDAQ died And they were singing.... Bye-bye to my piece of the pie I poured my paycheck into Datek Now 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 Yeah we're right back where we were in July Copyright 2000: Sean Brady and Tom Kearney and with apologies to Don McLean

To: Wyätt Gwyön who wrote (121054)	6/27/2002 11:21:23 AM
From: carranza2	Read Replies (3) \| Respond to of 152472

Never said that Richebacher lied. I simply don't see enough sourcing to allow anyone to check his stats. They may be utterly correct, but without some sort of corroboration, it is a burden for all but the least time constrained to research them. I see no reason why the sources cannot be cited--he presumably has them on hand. Here's a link to a Q and A session with Richebacher for those who might be interested in his doom and gloom thinking. Warning: A lot of what he says is hair-raising. agora-inc.com