The problem was no bells rang on Wall Street when the market value line approached the replacement value line on your chart.

FORBES: Dow Jones Interactive

Do you have replacement cost or market value coverage?

FORBES: Are You Prepared for a Disaster?

For insurance purposes, the replacement cost of a home is NOT the market value of the home, its purchase price or the outstanding amount of any mortgage loan.

FORBES: Are You Prepared for a Disaster?

Even though the market was rising, most stocks were selling at discounts to replacement value and even to book value.

FORBES: Dow Jones Interactive