No, you do. You don’t own the copyright on the tracks, but you do own the specific copy embodied in the CD you have purchased. So you can sell the copy you own, but you don’t own the right to make additional copies and distribute those.
In other words, there are multiple kinds of ownership. Nobody’s demanding that we should get to own the copyright when we buy something for $3.99, just that we should get to own the copy we paid for.
