H&R Block (HRB), which was trading around $25 a share in January, dipped below $12 today. We’re in the same business as they are, right? I’m trying to figure out why it has lost so much value. I think the problem is that investors are selling the good along with the bad because they have to meet margin calls. Either that, or it’s a general panic.

Maybe the concern is that DIY-inclined taxpayers will use their rebates to buy computers and tax software. But Intuit shares are down a third, also.