TheBigK - 4:37 pm on Oct 23, 2012 (gmt 0)
Thank you for your reply. Well, as I said; I fixed all the errors by redirecting them properly to respective URLs. So technically, there are no errors on my site at the moment. The Index Status is just alright; but the Crawl Stats are significantly down - which is quite obvious. The 'time spend downloading page' has gone up.
What I notice is that there is a drop in 'Search Queries' - which clearly indicates that our website has been pushed down in rankings. I saw a spike in the search queries for two days; but it's fallen down again.
What's worrying me is that GWT drops the reported errors at 1000/day, as I mark them as 'fixed'. But if the 404 errors aren't causing the traffic drop, what else should I really look at? I've been researching for over a month now and not going anywhere.
These days, my routine is to login to GWT every evening and marking the top 1000 errors (generated by disqus) as 'fixed'. I'm not sure what else can I do?