Apr

20

One of Hammerstein's rules was that the second half of a show must always be half as long as the first half and twice as good. I wonder if this has any significance for markets.

Russ Sears writes: 

The dramatic tension of a recession is swift and deep. But the purpose is the opposite: to lose the audience by the ending, yet maintain the drift. Thus, the first part must be twice as good and the shake-down half as bad.

Rocky Humbert writes:

Firstly, without minimizing the contributions of Rogers and Hammerstein, one notes the traditional forms of drama go back to the Greeks (if not earlier), and R&H borrowed heavily from many genre's including classical opera.

Secondly, one should not underestimate the importance of looking beyond one's nose. Reading between the lines. Much like the hidden messages in the Beatle's White Album, one should consider whether there might be more information in the intermission than in the drama.

After all, the drama is staged and repeats at every performance. But what happens in the theatre during each intermission is unique. Or is it?

Working Paper #2015-912A

The Effect of Personal Voiding and Market Liquidity

R.U Clogitzibich PhD I. Suram, MD, MPH Department of Applied Biostatistics University of Antwerp

Abstract

We establish in this study a network structure of the global plumbing markets and the relationship between sewage flow rates and stock market liquidity using a minimum spanning tree through the correlation matrix. Based on this analysis, it is found that the US stock market forms clusters of liquidity and illiquidity that are statistically significant and which correlates with the peaks and troughs of participant sewer usage. (p=.002).

anonymous writes: 

1. Wait for the assessment of the first half +, -, and by how much. And of course relative to the expectations which could be said to be the open or something like it.

2. If it is strong we pay attention to the intermission for aberrations as rocky somewhat suggested, and make sure to note the location of the theater staff.

3. If all looks good we sneak in for the brief final half

Definitely rings a bell with strategies I have utilized to create less than the usual viewing displeasure. Kind of like how my son skips the first part of star wars and starts in on the final scenes where Luke explodes the death star and then gets the medal Princess Leia. Though sometimes I've found waiting for the very final scene creates its own set of issues that thwart the expected enjoyment. 

anonymous writes: 

I wonder if R&H shouldn't be looked at from a willingness to take on risk—and reaping the rewards associated with doing so.

anonymous writes: 

Here is another one that I don't know if Hammerstein utilized or not. Sometimes there is a mini-sequence within the first half itself

-An opening hook to get attention
-dead period
-ending the first half on a cliff-hanger to get people back after the intermission

Those who like suspense might enjoy sneaking in for the cliff-hanger, for good entertainment per unit of time.


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  1. Anonymous on April 20, 2015 7:38 am

    Kelly Slater followed Hammerstein’s rules, managing his career in professional surfing. Like Hammerstein, Slater is the cream of the crop, the Acme, and there is great pressure on people like them to turn in a better performance.

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