Media Appearance: CNBC Fast Money (3.22.11)

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Special Market Topping Edition!

Tonight I will be on Fast Money on CNBC at 5:30 pm discussing the overall quality of the market rally, following the selloff and snapback post Japan:

• Markets tend to wobble when hit with these externalities, then resume their prior action.

• Stocks seemed to be starting a topping formation — a 3-9 month process — prior to the crack.

• The complacency about Japan (Barron’s cover, Economist, everyone on TV) is somewhat concerning

• Watch the S&P500 1310-1315 level — that could be key resistance where this rally fails

• Sectors that look especially ugly are retail and consumer discretionary.

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Video posted here

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