Word: selloffs
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Dates: during 1956-1956
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...break differed from previous shake-outs in one notable way: trading volume was light, never more than 2,600,000 shares daily, v. a 5,000,000-share day during the September selloff. Instead of a rush to sell, the drop was caused more by a reluctance to buy, notably by the big investment trusts whose purchases had pushed the blue chips so high. But Wall Streeters guessed that the 10% drop in prices, which had put the market in the same position where it had found strong support in the last two big corrections (see chart), had made some...