Unfortunately, the markets have been like this for several months. Someone sneezes at a brokerage firm back in the spring or summer and ALL markets (stocks, bonds) would start tanking.
I am grateful to this day to have minimized our losses for the year. Having bailed on most of our stock investments back in the spring and the rest a few weeks ago has probably saved us somewhere between $100K and $125K in additional losses on all of our investments (401(k) and taxable).
Only problem now is deciding when to hop back on the rollercoaster. Maybe my wife and I are better suited to the merry-go-round.