Fedex reported a 4Q loss and predicted an outlook way worse than what the street was expecting.

Soaring fuel costs, housing crisis, and reduced consumer demand is really hurting Fedex.  As long as fuel is high and the consumers are cutting back, Fedex will continue to suffer.

Fuel costs were 54% higher than the previous year.  Fedex passes some fuel surchargers to their customers, but not all of it.

Fedex is certainly a measure of the health of the economy, and these results present a serious worry in our opinion.  Watch this one closely, we are. 

A lot of negative news out there.  Fedex, Morgan Stanley, Oil, RBS saying a crash is coming, and finaly the Dow crossed below 12,000 intraday.  We have a very important resistance point it looks like we are going to test in the mid-11,000s.  If we break through that, we will continue down down down.  We are around 50% cash in The Limit Order porfolio, are you? 

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