It would appear the sad reality priced into T-Bills and USA CDS is starting to creep into stocks...

U.S. SENATE FISCAL NEGOTIATIONS SUSPENDED UNTIL HOUSE REPUBLICANS WORK OUT PLAN TO PROCEED ON DEBT LIMIT, GOVT FUNDING-SEN. DURBIN

SEN. FEINSTEIN SAYS `IT'S ALL FALLEN APART' ON BUDGET TALKS

Bills are being sold (bonds now snapping lower in yield), the USD and stocks are offered (at lows of the day) and gold and silver are well bid (at highs of day).

Stocks collapsing to wher VIX has been signaling... whocouldanode?

and stocks have way to go to meet Bills...

Charts: Bloomberg