Shares of Warner Music Group hit a new, all-time low on Monday, part of a broader Wall Street selloff.  At the bell, WMG slipped 13.36 percent to $2.40, a valuation that easily outstripped a previous lull of $2.74 from last week.  That raises fresh questions of whether Warner is headed into a sinkhole, particularly a sub-dollar danger zone. 

Other music-related stocks also suffered, thanks to a broader decline in the Dow.  Overall, the DJIA shed 223.73 points, or 2.63 percent, to land at 8,273.58.  The downward pressure came from continued layoffs, particularly a downsizing of 53,000 at Citigroup, and ongoing questions related to the fate of American automakers.  Consumers are also continuing to curb their enthusiasm, and that produced dour reports from Target and Lowes.

Other distressed darlings included Sirius XM Radio (SIRI), down 12.33 percent to just 23 cents.  Live Nation (LYV) dropped 10.36 percent to $4.93; Ticketmaster (TKTM) edged downward 0.34 percent to $5.85; and Apple (AAPL) dropped another 2.33 percent to $88.14.