We derive a new inequality for ferromagnetic Ising spin systems and then use it to obtain information about the number of phases which can coexist in such systems. We show in particular that for even interactions only two phases (up and down magnetization) can coexist below the critical temperature at zero magnetic field (h=0) whenever the energy is a continuous function of the temperature. We also prove that the derivatives with respect toh ath=0 of the odd correlation functions (triplet,...) diverge like the susceptibility in the vicinity of the critical temperature (at least for pair interactions). Our results also apply to higher order Ising spins (not just spin 1/2).