go into free fall

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go into free fall

To experience a sudden, rapid, and uncontrollable decline (e.g., in value, reputation, success, etc.) that continues unabated for an indefinite length of time. The stock market went into free fall after the housing market collapsed. After getting busted by the police last year, John's life has gone into free fall.
See also: fall, free

go into freefall

JOURNALISM
COMMON If the value or level of something goes into freefall, it starts to fall very quickly. A massive £8bn was wiped off values, and the pound went into freefall. Fears are now widespread that shares could go into freefall before Christmas. Note: You can also say that the value or level of something is in freefall. Perot's ratings were in freefall, his election campaign a disaster. Note: You can also say that the value or level of something freefalls. His career seemed about to freefall into oblivion. Note: In parachuting, freefall is the part of the jump before the parachute opens.
See also: freefall

be in/go into ˌfree ˈfall

be falling/start to fall rapidly: Share prices are in free fall in Tokyo this morning.The value of the euro against the dollar went into free fall as soon as the news was announced.
From the moment you jump out of a plane until the moment your parachute opens, you are in free fall.
See also: fall, free
References in periodicals archive ?
Stocks went into free fall on Monday, and the Dow plunged almost 1,600 points -- easily the biggest point decline in history during a trading day.
After a fairly decent All-Filipino Conference finishing with a 7-4 card, Alaska went into free fall in the Commissioner's and Governors' Cups tallying a combined record of just 7-15.
Shares in New Media went into free fall in June when the company announced it had purchased a metropolitan daily newspaper, Ohio's Columbus Dispatch.
A year after the price of crude went into free fall, the Kingdom of Saudi Arabia has said that it has no plans to reduce oil drilling.
Shares in fashion firm French Connection went into free fall yesterday after it revealed more tough trading on the high street.
When West Texas crude went into free fall, the foreign exchange market concluded that Canadian GDP growth and inflation rate would both fall.
However, Asian equities were in trading ranges or vicious bear markets as the Bernanke Fed prepared to "taper" its epic asset purchase spree, the Chinese Politburo cracked down on speculative property transactions, currencies as diverse as the Indonesian rupiah, Vietnam dong and Indian rupee went into free fall due to an offshore fund manager exodus and earnings/economic growth estimates were slashed across the region.
When the US housing bubble burst banks went bust and the whole rotten capitalist system went into free fall.
President Ahmadi-nejad has rejected Central Bank plans to raise interest rates on bank deposits and the rial swiftly went into free fall again, plummeting to 20,500 rials per dollar on the open market Monday, by far the lowest it has ever been.
Or their retirement funds, once so safely (or so it seemed) parked in a 401(k) had managed to recoup only a small percentage of the 40% or 50% they had lost when the market went into free fall.
Sales went into free fall last month, according to trade magazine The Grocer.
Aa Egypt hardly had time to celebrate breaking into the top 20 before it went into free fall.
dollar's recovery from a 13-year low in the 90 yen level but went into free fall in the afternoon.
A&L's shares went into free fall first thing, but within a couple of hours they were zapping back up again, regaining more than half the lost ground by the time the market closed.
The Boston Red Sox decided to go on a spending spree when their 2006 season went into free fall.