Chubb Hangs On … How Long?

At The Edge

Events are unfolding rapidly.

The insurance sector, specifically life insurance (so far), is the whale under the surface (not advice, not a recommendation).

While Chubb Corp’s not life insurance, it’s the close cousin, property insurance.

Unlike the banks as pointed out at this link, if there’s trouble, there’s unlikely to be a bailout.

Chubb Corp. CB, Daily Close

We may find out on Monday, if CB is, or is not, following the down trendline (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

The Danger Point®, trade mark: No. 6,505,279

Allstate’s ‘Day 13’

Tomorrow, Friday

Will tomorrow post a new daily high for ALL, and make it an even thirteen?

For that matter, why focus on (boring) insurance, anyway?

Probably, the best answer can be found here and here.

Many are focused on precious metals, bonds and the A.I. bubble.

Not a bad thing in itself.

However, behind the scenes, insurance companies are lumbering like The Great White Whale.

Stay Tuned

Charts by StockCharts, TC2000

The Danger Point®, trade mark: No. 6,505,279