Yesterday was the first day markets truly reacted to the debt ceiling crisis including:

1. $S&P 500 Index (.SPX.US)$ erased $300 billion in market cap in 4 hours
2. $JPMorgan (JPM.US)$ recommends shorting small cap stocks
3. JP Morgan buying $CBOE Volatility S&P 500 Index (.VIX.US)$ calls stating volatility could be worse than 2011
4. Gold prices rise back toward $2000
5. $VIX spiked to highest level since May 5th
6. Borrowing costs rise as US cash balance drops below $60 billion
When markets being reacting, it's time to listen.
This is a costly crisis, even without a US default. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Tesla (TSLA.US)$ $AMC Entertainment (AMC.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$