VantagePoint : Louis B. Mendelsohn Speaks Out About Current Market Conditions
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Market Veteran Louis B. Mendelsohn Speaks Out About Current Market Conditions
Wesley Chapel, Florida, October 3, 2008 — If there was ever a question about the financial markets being intertwined globally, the unprecedented events of the last few weeks have certainly wiped away that doubt, according to Louis B. Mendelsohn, President and Chief Executive Officer of Market Technologies, LLC. ().
Discussing the current credit crisis gripping the global economy amid the interconnectedness of the entire global financial system, in an interview on the Ask the Expert segment at TraderPlanet.com, Mendelsohn contends that now more than ever traders must have a global perspective if they are to protect their assets and prosper amid the turmoil in the global financial markets that is not about to go away anytime soon.
“Traders have to be able to implement a global trading strategy to have a competitive advantage in today’s global markets,” Mendelsohn emphasizes. “If you have a Ph.D. in math, decades of experience in the markets to draw upon, and the research capability to monitor the intricate global market influences at work, then you’ve got a chance.”
Most traders do not have that kind of background or resources, of course. But, according to Mendelsohn, there are trading software tools that can analyze the interconnectivity of related global markets which offer individual traders the analytical edge they need to benefit financially from unprecedented trading opportunities that will continue to arise in the high-stakes global financial markets of the 21st century, instead of fearfully watching their trading accounts shrink in value as the next financial aftershock or perhaps the Big One roils the financial markets at any time day or night.
Since the emergence of the global financial system – brought about by advancements in global telecommunications, the proliferation of network computers, and 24-hour electronic trading that first began in the mid-1980s – in numerous editorial articles and in three recent books of his on the global financial markets, Mendelsohn has been an outspoken critic of the fragmented and ad hoc way that central banks and government regulators have dealt with each financial crisis following the 1987 market crash, including the aftershock of 1989, the 1997 Asian currency crisis, the post-9/11 crash in 2001, and now the current credit crisis that began in 2007.
In his articles and books since the late 1980s Mendelsohn outlined deficiencies in the oversight functions of financial markets and made specific recommendations for changes to avert or at least mitigate future crises. But to date little has been accomplished in this regard. According to Mendelsohn in his latest book entitled Trend Forecasting with Intermarket Analysis – Predicting Global Markets with Technical Analysis, which was published in early 2008, the question was not if, but when, there will be a next market meltdown. He indicates that the current crisis facing the world was predictable, and has less to do with the specific trigger (in this case the subprime mortgage problems and toxic debt) and more to do with systemic weaknesses in the oversight of the global financial system not yet addressed sufficiently by the appropriate authorities.
He points out that the problem is not the absence of regulation or lax regulation recently, but rather the fact that the central banks, the exchanges, and regulatory authorities have not come to grips with the globalization of the financial markets, their interdependencies across time zones, and the instantaneousness with which a triggering event can spark a global crisis within minutes or even seconds. Mendelsohn argues that the central banks and regulators have failed to formulate and implement a 21st century strategy of oversight, communications, and coordinating capabilities appropriate to the 24-hour, electronic age of global trading, so that the needed response can be proactive and not simply reactive.
Traders can read and hear Mendelsohn’s complete interview at
Mendelsohn is a recognized pioneer in applying personal computers and developing trading software for the financial markets since the late 1970s and has more than 30 years of financial market experience. After introducing the concept of strategy back-testing to PCs in 1983, a few years later he began to focus his attention on the emerging globalization of the financial markets and embarked on the development of intermarket analysis software to analyze the effects of related markets on one another and to forecast market trends.
In 1991 Market Technologies introduced VantagePoint Intermarket Analysis Software for the U.S. Treasury bond market. Since then VantagePoint has evolved into a comprehensive trading platform that now forecasts short term trend directional changes for more than 600 global financial, equities and commodity markets, often before these changes become obvious to traders still relying on trading approaches that fail to address the interconnected nature of the financial markets of the 21st century. Upon request by the media, we would be happy to send you a copy of Mr. Mendelsohn’s latest book on global trading or a link to a PDF version of relevant portions of the book.
About Market Technologies Headquartered in Tampa Bay since its founding in 1979 by Louis B. Mendelsohn, Market Technologies is a fast-growing, Inc. 500 company and recognized world leader in market forecasting with trading software customers in more than 90 countries worldwide,. Market Technologies researches and develops proprietary trend forecasting and market timing technologies that utilize artificial intelligence applied to intermarket and hurricaneomic analysis to forecast various commodity and financial markets throughout the world. These presently include, but are not limited to, stocks, stock indexes, ETFs, energies, interest rates, currencies, metals, grains, meats, softs and Forex, covering over 600 world markets.
