Transfer shock refers to the tendency of students transferring from one institution of higher education to another to experience a temporary dip in grade point average during the first or second semester at the new institution as defined by Hills (1965). A subsequent recovery in grade point average is also common.
Some sources (including the file Highlights/Lowlights of The Dow on the Dow Jones website) show a loss of â24.39% (from 71.42 to 54.00) on December 12, 1914, placing that day atop the list of largest percentage losses.
On âBlack Monday,â the 28 Th, investors sold record amounts of stock that resulted in the Dow losing 13% of its value in a single day. This had a cataclysmic effect on the stock market and by the next day, everyone wanted out. On Black Tuesday, nearly 16 million shares were traded. According to author Richard M. Salesman, the incredible volume of stocks traded on Black Tuesday was ââ¦a record that was not broken for nearly 40 years, in 1968.â.