Remember, when treasuries are sold, it is deflationary. Dollars are absorbed out of investors hands, and into the government debt. They are crowding out trillions that could have been investing in the market. Everytime they pass a bill, expect equities to fall sharply. Remember the huge selloff after TARP was passed. Now, you see the dow down another 1k points since the stimulus was passed. The treasury is sucking all the avaliable capital out of the system and into government hands.