Events of 1995
January
January 1 - Austria, Finland and Sweden enter the European Union.
January 1 - The World Trade Organization is established to replace the General Agreement on Tariffs and Trade (GATT).
January 1 - The Draupner wave in the North Sea in Norway is detected, confirming the existence of freak waves.
January 4 - The 104th Congress, the first controlled by Republicans in both houses since 1953, convenes.
January 6â7 - A chemical fire occurs in an apartment complex in Manila, Philippines. Policemen led by watch commander Aida Fariscal and investigators find a bomb factory and a laptop computer and disks that contain plans for Project Bojinka, a mass-terrorist attack. The mastermind, Ramzi Yousef, is arrested 1 month later.
January 9 - Valeri Polyakov completes 366 days in space while aboard the Mir space station, breaking a duration record.
January 16 - An avalanche hits the village SúðavÃk in Iceland, killing 14 people.
January 17 - A magnitude 7.3 earthquake called the "Great Hanshin earthquake" occurs near Kobe, Japan, causing great property damage and killing 6,434 people.
January 25 - Norwegian rocket incident: A rocket launched from the space exploration centre at Andøya, Norway is briefly interpreted by the Russians as an incoming attack.
January 29 - Super Bowl XXIX: The San Francisco 49ers become the first National Football League franchise to win 5 Super Bowls, as they defeat the San Diego Chargers at Joe Robbie Stadium in Miami, Florida.
January 30 - John Howard becomes leader of the Liberal Party of Australia to challenge Paul Keating for the 1996 Federal Election and the position of Prime Minister of Australia.
January 31 - U.S. President Bill Clinton invokes emergency powers, to extend a $20 billion loan to help Mexico avert financial collapse.
January
January 1 - Austria, Finland and Sweden enter the European Union.
January 1 - The World Trade Organization is established to replace the General Agreement on Tariffs and Trade (GATT).
January 1 - The Draupner wave in the North Sea in Norway is detected, confirming the existence of freak waves.
January 4 - The 104th Congress, the first controlled by Republicans in both houses since 1953, convenes.
January 6â7 - A chemical fire occurs in an apartment complex in Manila, Philippines. Policemen led by watch commander Aida Fariscal and investigators find a bomb factory and a laptop computer and disks that contain plans for Project Bojinka, a mass-terrorist attack. The mastermind, Ramzi Yousef, is arrested 1 month later.
January 9 - Valeri Polyakov completes 366 days in space while aboard the Mir space station, breaking a duration record.
January 16 - An avalanche hits the village SúðavÃk in Iceland, killing 14 people.
January 17 - A magnitude 7.3 earthquake called the "Great Hanshin earthquake" occurs near Kobe, Japan, causing great property damage and killing 6,434 people.
January 25 - Norwegian rocket incident: A rocket launched from the space exploration centre at Andøya, Norway is briefly interpreted by the Russians as an incoming attack.
January 29 - Super Bowl XXIX: The San Francisco 49ers become the first National Football League franchise to win 5 Super Bowls, as they defeat the San Diego Chargers at Joe Robbie Stadium in Miami, Florida.
January 30 - John Howard becomes leader of the Liberal Party of Australia to challenge Paul Keating for the 1996 Federal Election and the position of Prime Minister of Australia.
January 31 - U.S. President Bill Clinton invokes emergency powers, to extend a $20 billion loan to help Mexico avert financial collapse.
The sentiment was very negative at the time. There were many analysts calling for interest rates to go throught the roof. Interest rates had been rising and stocks in general were slumping for all of 1994. I don't remember the catalyst but I do remember that 30year bond prices rose over a point for 3 days in a row and the market was off to the races. I sold my puts. 
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