Frankly not surprised
This has been building for some time.
Just another fallout from the real estate bubble / bust.
Jittery Stock Market Drops as Mortgage Fallout Spreads - New York Times:
"With little respite on the horizon, the mortgage market was hit with another wave of bad news yesterday, sending the stock market down sharply."
But I don't see it spreading to the rest of the market other than taking out some of the fluff.
Corp balance sheets still healthy, Global economy good.
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