The Labor department saw a major reduction in new jobs in December at 18,000 from an expected 70,000.  To make things worse, the unemployment rate increased to 5%.  These two readings are huge indicators for slowdowns in business spending, and with the upcoming layoffs in the housing and financial industry it could get worse.  The Dow reacted by falling more than 140 points to below 13,000.  Those who follow The Limit Order know that this is great because now we can get some bargain stock picks!

This is why we are 65% cash in our stock picks at The Limit Order.  We do think more news like this will cause the Fed to act on another rate cut, sooner than later.

All News Releases