Word: euphoria
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Dates: during 1990-1999
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...from its peak of 38,915 last December to a closing price of 22,828 last week. "This has probably been the largest bear market in any country since World War II," says Peter Tasker, head of research at Kleinwort Benson International in Tokyo. In a fleeting burst of euphoria, the index zoomed a record 13% last Tuesday, but much of the gain was the result of frantic government moves to shore up the market. Among other things, the Finance Ministry gave investors easier access to borrowed money and curbed the hours of futures trading...
...soccer fans trudged past me in Munich, I heard a group of them singing. Thinking of the patriotic euphoria after the U.S.'s ice hockey victory in 1980, and I strained to hear the words. Instead of "Deutschland, Deutschland Ueber Alles," I heard, "We're going to drink for seven days straight...
...Some of the mutual funds that invest in stocks of a particular country, like the New Germany Fund, which immediately shot up to a 70% premium over its intrinsic value when it was launched last year, may make sense now that euphoria has turned to euphearia and premiums have turned to discounts. I bought a little of the Turkish Fund, traded on the New York Stock Exchange, when Saddam Hussein invaded Kuwait, not because I know the first thing about Turkey but because it was trading at a 35% discount and I thought Turkey might somehow benefit from its newly...
Like two lovers confronted by the practical realities of marriage, East and West Germany are having a bout of prenuptial nerves. Though the two countries will not formally tie the knot until Oct. 3 -- the earliest practicable date -- the euphoria of unification has given way to a summer of unemployment, rising prices and political disillusionment. Both sides remain firmly committed to the merger, but East Germans have begun to fret over the economic disintegration of their country and West Germans worry about the price of preventing...
Liberation. Exhilaration. The feeling of euphoria -- and a hint of danger. For enthusiasts like Rafael Roig, 29, a New York City writer, a sleek new breed of roller skates can inspire rhapsodies. The wheeled wonders are called Rollerblades, and sales are hot. Unlike conventional skates, with their side- by-side wheel configuration, "in-line" blades have a single row of polyurethane rollers. More like ice skates than the clunky wheels of roller rinks past, the blades are faster and more maneuverable. Says writer Roig: "At certain moments, I do have the feeling of ecstasy...