What was the cause of FKLI futures selldown?

Scanning the breaking news on Bloomberg.com

•Stocks Tumble in U.S., Europe, Sending MSCI World Index Down for Sixth Day •U.S. Retail Sales Slump Twice as Much as Forecast on Rising Unemployment •Nortel Networks Files for Bankruptcy Protection in Delaware After Losses •Deutsche Bank Had Loss of $6.3 Billion in Fourth Quarter; Shares Decline •Tyco, VW Bond Sales Show Company Debt Market Thawing, Driving Down Yields •Fed Seeks New Effort to Cleanse U.S. Banks as Toxic Assets Retard Lending •Greece's Sovereign Credit Rating Cut One Level to A- by Standard & Poor's •Geithner Treasury-Confirmation Hearing Delayed After Republican Objects •Madoff Will Appear in Manhattan Courtroom as U.S. Presses Case to Jail Him