All of the TIAA-CREF mutual funds in my main 403(b) took a massive shit today, across all asset classes:
> getQuote(c('TRERX','TIHRX','TRVRX','TRLCX','TRSCX','TRGIX'))
Trade Time Last Change % Change Open High Low Volume
TRERX 2013-12-13 06:25:00 11.53 -0.18 -1.54% N/A N/A N/A N/A
TIHRX 2013-12-13 06:25:00 10.20 -0.24 -2.30% N/A N/A N/A N/A
TRVRX 2013-12-13 06:25:00 21.76 -1.63 -6.97% N/A N/A N/A N/A
TRLCX 2013-12-13 06:25:00 16.79 -1.42 -7.80% N/A N/A N/A N/A
TRSCX 2013-12-13 06:25:00 15.02 -0.30 -1.96% N/A N/A N/A N/A
TRGIX 2013-12-13 06:25:00 11.64 -1.33 -10.25% N/A N/A N/A N/A
Check out the Growth and Income fund (TRGIX); 10%+ loss in one day. I have never seen anything like this happen outside of major market movements in 2011 and 2008. I don't see anything similar happening to other broad asset classes from my other mutual fund retirement accounts (ING and Vanguard).
I'll continue to stick with my allocation for now but this has me a little freaked out--even though I know shouldn't sweat day-to-day fluctuations, it seems weird to see such large drops across all asset classes.