Any number of things could have happened William. How many links did you have before the drop. Some fluctuations are normal, especially if you released a new product or made it into a news story, your links can skyrocket for a time then settle back down. Or, it could be that you had a lot of links from bad directories that Google has de-indexed (same is true for blog networks, etc.)
Have you tried viewing your link profile in http://www.ahrefs.com ? You might get a better idea of what's going on if you look there. Interested to know what you see there? Hope that helps!
Dana