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quantitative and qualitative models
reflecting the growth in demand for computers and telecommunica-
tions and supporting industries; (3) more companies were public inthe
United States and listed on NASDAQ than at any other time in history;
and (4) NASDAQ had become the home for new companies, growth
companies, technology companies, and the innovative forward-looking
visionaries that would dominate the American economy.
Another shift was the growing participation in the market of
individual investors and traders (including day traders) as reflected in
the rapidly growing trading volume
*
(see US Average Daily Volume,
Table13.4).
is trend was ...