Help! Lossing ranks!
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I wouldn't be overly concerned with this. Your keywords shift up and down depending on a bunch of factors. If all of your important keywords dropped off the face of the planet I would say that you got smacked, but most of your keywords dropped by just a couple. Just keep and eye on it and create more content!
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There was a Google Pengiun update yesterday called Pengiun 2.0. A ton of websites were penalized and lost rankings. I saw this this morning with a few of my sites as well. Give it a week or so for Google to adjust to the new algorithm changes before making any extreme moves.
More info on the algorithm change on Matt Cutt's blog here http://www.mattcutts.com/blog/penguin-2-0-rolled-out-today/