kd454 - 6:25 pm on Feb 27, 2011 (gmt 0) [edited by: kd454 at 6:27 pm (utc) on Feb 27, 2011]
"From where i'm sitting it looks like a penalty for having inbound external links."
I am seeing the same thing as well, or it could be having the wrong kind of inbound links, maybe the links that were holding the site up got hit thus having the domino effect.
I have lots of sites and this is consistant across the board, fresh inbound links (not all high quality = reduced rankings). People buying/renting high quality links = no changes.
I know there may be more to it for the larger sites, but this is the case with my sites.
I am also seeing sites that have complete spam links outrank my sites, xrummer, sites with forum profile links ect.. so not sure what to think.
Only hit older sites as well.
Seeing newer sites with 100% spam spun unreadable content backlinks on page #1.. spam was not a target here.
[edited by: kd454 at 6:27 pm (utc) on Feb 27, 2011]