The word "selloff" refers to a situation where a large number of people sell their investments or assets quickly and at the same time, causing the price to decline. Full definition
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A «no» vote from the Greek referendum last Sunday, the vast stock market selloff in China, and the volatile movements in the price of U.S. crude oil have made it clear the worldwide economy is collectively riding the brakes. (usfunds.com)
We favor taking advantage of temporary equity market selloffs in the current environment of low volatility and solid corporate earnings. (businessinsider.com)
A perfect example is the market selloff of 2008 to 2009. (gobankingrates.com)