Top chart, equities drop (which means investors are selling stocks), and bottom chart, U.S. Government bond interest rates drop (which means investors are buying bonds because they consider treasuries the safest place to be).
(The fact that the top chart above is also S&P is incidental. The S&P 500 is just a good measure of the market.)
Today’s market moves were based more in data and fundamentals than a week ago. But if you’ll notice, a lot of the end result of trying to choke off government spending and market intervention has caused loads of pain in the private sector (stocks and equities), and made government borrowing cheaper than ever (the benchmark 10 yr treasury). Kinda makes one wonder where these Tea Party guys studied their economics.