The BlogShares Blog

AP - 2 hours, 44 minutes ago - BlogShares ended a tumultuous week with a sharp decline Friday, backtracking following two weeks of stunning gains as investors turned cautious and cashed in some of their winnings.

Pundits on the afternoon business channel programs unanimously declared a profound shift in market dynamics. "It's as if blog valuations have been turned on their ears," said analyst Ken Adams on the Fox Business Channel's Neil Cavuto show. "We don't completely understand the phenomenon, but it's clear that the business cycle has shifted."

Once mighty Wonkette and it's affiliates were among the first to feel the pain, with values dropping precipitously through early after-hours trading. Rumors place the losses somewhere near 90% before all is said and done, and cash flow for these companies appears to be severely restricted.

Rob in China, spokesman for the Blogshares Securities and Exchange Commission, could not be reached for comment. Exchange director Suburban Wolf, meanwhile, deferred comment until after his pedicure.