1.   The euphoria is giving way to a more sober assessment of the situation.

2.   As in many countries of Eastern Europe and Central Asia that shook off the Soviet empire, euphoria has given way to bitter truths and not a little disillusionment.

3.   In short order, economic euphoria gave way to fear.

4.   The fear is that euphoria could give way to extreme pessimism, sending the stock market into a steep dive.

5.   The euphoria gave a boost as well to American depository receipts of Mexican companies traded on the New York Stock Exchange.

6.   The stock price of both companies has fallen off as post-announcement euphoria has given way to profit-taking.

7.   The euphoria of peace gave rise to grand visions of joint tourism projects and a drive to clean up the polluted Jordan River.