- Bloomberg: 10% below October's peak.
- Model: 100→90→99 after 10% down, then 10% up.
Bloomberg's November 2 X post reported the Nasdaq 100 10% below its October peak, calling it a technical correction.1 Bloomboff has not reconstructed its peak or reference level. This isn't a confirmed closing quote.
Start an illustration at 100. A 10% fall leaves 90. A subsequent 10% gain adds nine, not ten, leaving exactly 99.
From 90, returning to 100 requires (100/90 - 1) × 100 = 11.111…%, or about 11.1%. A percentage gain is measured from where that step starts: 90 here, not 100.
The model assumes an exact 10% decline; it doesn't reconstruct index levels or forecast a recovery.
We reviewed only the post.
Bloomboff's take
Percentages are bastards. They change the bloody denominator.
