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On October 23rd, the firm said it would restate its revenues for the past two years after an internal investigation into AOL's accounts.No doubt an argument could be made that financial results were irrelevant to the euphoric prices paid for Internet shares.
But in a day of 15 sessions with 40 speakers, the euphoric prices came up only briefly.
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The government purchases come after what the department calls a "euphoric period of record prices and booming exports" for the American dairy industry.
These arguments are ignored by those who justify the now insane prices with the euphoric claim that the world has fundamentally changed and cannot change back.
Gino Kelly, owner of Kelly Associates in Darien, has also had numerous price reductions in the $3 million and above range, from 5 to 10percentt, "but reduced from euphoric levels," he said, "not unlike prices they traded at in the past.
While many argued that the drop owed more to a fall in global commodity prices, the government was euphoric.
Many commentators on bubbles have pointed to the psychological importance of a rising asset price that reinforces a euphoric outlook.
Processed food companies are like drug addicts, promising "next time it'll be different, watch!" when they're euphoric on market share and rising stock prices.
When investors are euphoric for new issues, the stocks typically fetch prices well above the expected range.
The weekend comments by the Federal Reserve chairman, Alan Greenspan, about possible price deflation also contributed to the market's euphoric mood.
The mayhem in this vast desert region has many roots, but it is also a sobering reminder that the euphoric toppling of dictators in Libya, Tunisia and Egypt has come at a price.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com