In the short term, however, the foundation of this partnership a settling of political differences and closer economic ties is still under construction.The chief reason for euphoria was an accord covering the territorial disputes over which the two countries fought a war in 1962 and which have soured relations ever since.
"It's creating euphoria," Mr. Dachille, chief of First Principles Capital, said of the plan.
"Investors focus on past performance and feel compelled to react to their fear or euphoria," said Liz Ann Sonders, chief investment strategist at Schwab.
Huge street demonstrations brought down the government, forced the departure of hated security chiefs, and unleashed a wave of euphoria that crossed all the country's sects.
DealBook » With New Subscribers, Netflix Hits Milestone | "Some of the euphoria today feels like 2003," the chief executive of Netflix, Reed Hastings, and the chief financial officer, David B. Wells, wrote as they reported results that were greeted enthusiastically on Wall Street.
"In 1991 there was nothing -- just euphoria," said Anatoly Karachinsky, founder and chief executive of IBS, a Russian computer services conglomerate.
At the Pacha event, which is part of a seven-city tour of the United States, Tom Silverman, the founder and chief executive of Tommy Boy Records, marveled that such euphoria was being produced without drugs.
"There's been a morning of celebration and euphoria here," Joe W. Forehand, Andersen Consulting's chief executive, said in a conference call with analysts and reporters yesterday.
Fujimori's free-market reforms generated record economic growth at first, but the euphoria and profits evaporated as spy chief Montesinos built a rapacious police state.
