Hertz continues to climb

Hertz Global (HTZ), continues to make new highs. Friday's announcement of Enterprise purchasing National and Alamo to consolidate the car rental industry helped Hertz move up. Hertz is trading at 30x 2007 earnings estimates which is still quite high given the state of the economy today.

State of the markets - April 1, 2007

The US stock market is holding its own considering the headwinds currently with readings on higher inflation and the subprime mortgage mess. Valuations for US stocks are very reasonable for large-cap stocks today to buy good quality names at reasonable prices. Small and mid-cap stocks, in general, are trading at much higher valuations than in October 2006, and caution is warranted here. I believe that growth stocks have a high possibility of facing a correction this late spring to summer. Pick stocks carefully in today's market.

Vacation home ownership tip

There is a great article on TheStreet.com this weekend on the tax benefits of vacation home ownership: http://www.thestreet.com/funds/toponepercent/10346847.html

This article is especially valuable for those saddled with a costly vacation home that is rarely used but can be rented out.