This has been one of the better (and least annoying) discussions on the topic, so thanks to everyone for that.
One quick note on the regression: expecting regression to 100 would be silly, but a useful look at the numbers would suggest a regression away from extreme numbers. It is reasonable to conclude that 103 is high and difficult to maintain. Expecting it to drop into the 101s or low 102s is probably a pretty reasonable expectation.
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