TheStreet.com RealMoney

Travelers Is a Fitting Pick

By Jim Cramer

 About this article:
 The keepers of the Dow Jones Industrial Average must have felt insurance-less after the defrocking of AIG, so it's fitting that they added Travelers to the list, even as I would have preferred Ford or Apple. They needed a financial that wasn't a bank and there aren't many out there that still trade at anything but desperate levels or weren't saved by the government. That's why Travelers is such a fitting pick. It is the exact opposite of Citigroup, which is coming out of the Dow, even as Travelers was once a part of the Citigroup family. It is the most conservative player in the insurance industry, which, amazingly, turned out to be filled with gunslingers. I had high hopes that the government would force one of the ne'er-do-well insurers that bet the farm on unhedged annuities to sell solvent businesses to other "good" insurers of which...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here


100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.