Shakleton White CEO Concerned as Wall Street Remains Mainly Flat as 3-day Rally Fizzles

A three-day rally ground to a halt Friday as traders grew cautious about buying too much too quickly ahead of the weekend.

Seattle, WA, March 16, 2009 --( Stocks traded mixed as energy and financial companies slid and technology shares wavered after posting big advances this week.

Following a three-day rally that has lifted the Dow Jones industrials nearly 10 percent, analysts say investors are likely taking profits ahead of the weekend.

"I wouldn't be surprised if trading activity falls off as we head to the end of the week as investors try to lock in profit," said Jennifer Campbell, CEO at Shakleton White Associates in Seattle.

Financial stocks, which led this week's rally, largely fell despite reports that Citigroup Inc.'s chairman Richard Parsons said the bank doesn't need additional government support. Word that Citigroup, which has received three rounds of emergency funding, was having its best quarter since 2007 sparked the beginning of this week's advance on Tuesday.

Bank of America Corp. and JPMorgan Chase & Co. also said this week that their banks have been profitable so far this year. The market has been quick to embrace the encouraging signs about the financial system after weeks of unrelenting selling spurred on by concerns that the government's efforts to break a freeze in lending weren't working.

The Shakleton White CEO also commented "We are going to remain cautious because the slightest bit of bad news could turn this thing around."

Shakleton White Associates inventory analysts have long term proven financial, retail, manufacturing, wholesale, and distribution backgrounds. The mergers & acquisitions arm of Shakleton White Associates is a participant in all major bidding, thereby keeping abreast of all market bids and realizations. Shakleton White Associates works alongside industry leaders who recognize the dramatic need for major changes, with a passionate commitment to business growth. Providing a full range of integrated services and products simultaneously directed at producing strategically predetermined business and cultural results.They bring together a broad range of talent and resources with a passion for integrity, continuous improvement and the desire to make a difference. This results in prosperity for their customers, society and ourselves.

Shakleton White Associates
Jennifer Campbell