What the heck is going on out there?

What the heck is going on out there?

From a near record close on October 31st, the S&P 500 plunged 6.1% QTD, mostly in the last 24 hours.  Hardest hit are the financial service stocks, with notables such as Citigroup down 29.5% QTD, Merrill Lynch down 25.1%, Freddie Mac down 23.9% and two of our long time favorites AMBAC down 60.8% and MGIC Investment Corp down 42.2% QTD.

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