YES!!! you are correct! People used credit to buy stocks. My broker used to accept credit card checks as deposits now they don't! This caused inflation and devalued the dollar. Now things are correcting the dow should be at 7000 or so. The decline won't stop now that there is no more credit to prop up prices. The Banks who allowed this to happen by issuing the credit have written it off. now they need cash badly! they are giving out rates on savings accounts that are well over the fed funds rate and 30year note!!!! Put your money in the bank! Deflation is here and the dollar will be getting stronger! From 1930 to 1955 (a 25 year cycle) cash was the best investment, well here we are all over again!!!