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take a nose dive

take a nose dive {v. phr.}

To plummet; fall sharply.

The stock market took a nose dive after the news of the President's heart attack.

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Source: A Dictionary of American Idioms

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See as well

nose

[nose] See: [COUNT HEADS] or [COUNT NOSES], [CUT OFF ONE'S NOSE TO SPITE ONE'S FACE], [FOLLOW ONE'S NOSE], [GO INTO A TAIL SPIN] or [GO INTO A NOSE DIVE], [HARD-NOSED], […] A Dictionary of American Idioms

into a nose dive

[into a nose dive] See: [GO INTO A TAIL SPIN] or [GO INTO A NOSE DIVE]. A Dictionary of American Idioms

dive

[dive] See: [GO INTO A TAIL SPIN] or [GO INTO A NOSE DIVE]. A Dictionary of American Idioms

go into a nose dive

[go into a nose dive] See: [GO INTO A TAIL SPIN]. A Dictionary of American Idioms

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"very informal usage in vocabulary and idiom that is characteristically more metaphorical, playful, elliptical, vivid and ephemeral than ordinary language" (Random House Unabridged Dictionary) - learn ~600 slang expressions

An idiom is

an expression "whose meaning is not predictable from the usual meanings of its constituent elements… or from the general grammatical rules of a language"

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