Word: tailspins
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Dates: during 1960-1969
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Then on Monday, May 14, came what Wall Streeters hopefully called "the selling climax." In one furious hour during the morning, selling reached near-panic proportions. The index went into a 14-point tailspin to a low of 626. The highspeed Teletype tape that reports New York Stock Exchange transactions was so swamped that it fell 34 minutes behind-its worst performance in nearly 30 years...
...battle so carefully (he even put real stamps on proxy letters because he felt that people ignored prestamped envelopes) that he won the battle five to one. He promoted Vice President Boutelle to president. In 1958, after Fairchild Engine lost its huge missile contract and went into a tailspin, Fairchild replaced him with J. M. Carmichael, former chairman of Capital Airlines. Boutelle, bearing no grudge, still speaks of Fairchild as "an extremely gracious, nice person," asked him to be best man at his second wedding...