more like escape form the broken umbrella. Just imagine for a minute if market pulls back only 330 points what will happen to this poor performer. Crammer has you right where his friends want you . In the HOUSE OF PAIN.
Here is a clue when TRV breaks 45 and Crammer throws in the towel how he made a mistake, that's when you back the truck up. If he doesn't through in the towel there then wait for 30's.
As a recovering Short-Seller I've seen a lot of stocks that were not worth their hype. TRV isn't even close to an over-valued equity. These insurance stocks typically trade for between 8 to 10 times earnings and TRV is 7.6x. Great cash flow, excellent brand, excellent investments. I've sold tons of puts on TRV and I'll be happy to be paid to buy it.
I would much rather buy a stock that is under-valued. You made a good point. Great brand and great cash flow. Compare it with other insurance companies which are 8 to 10 times the earnings. Again, you summed it up well!! I would buy Travelers stock.