  We consider two-point correlators of local operator insertions in a system of
two Wilson-Maldacena loops in ${\cal N}=4$ supersymmetric Yang-Mills theory on
both sides of the AdS/CFT correspondence. On the holographic side the
correlator of two Wilson-Maldacena loops is given by a classical string
world-sheet which in one phase connects two asymptotically AdS$_2$ regions and
in the other phase is given by two disconnected AdS$_2$ caps; this
configuration breaks supersymmetry as well as conformal invariance. We present
a complete systematic account of the string world-sheet fluctuations, including
the fermionic sector, and study the behavior of the holographic two-point
correlators. On the field theory side we compute certain two-point correlators
of local operator insertions by resumming sets of ladder diagrams. Our results
demonstrate the efficacy of previously developed methods in tackling this
non-conformal, non-susy regime.
