There is no doubt that times are tough and the credit market is a mess but a bloodbath? No. Newspaper man: you can't open with a headline like this and then not deliver. I can't follow your story with gross exaggerations like that.
In attempting to find the source I snapped that pic from, I discovered that I'm not the only one who picked up on this. As others have noted this seems to have originated as an MSNMoney article that still exists in some outlets. However, the original story has a new headline (but is still the top search result for the bloodbath line--go Google!).