#1. KK et al, if you IGNORE him he will go away. You give him power/energy when you respond.

#2. Basis, for JoJo et al, is the point. It is the definition of the zero point, of "normal". If you define NORMAL as today, then the expiring policy will cause a tax hike. If you define NORMAL as prior to that policy, then what you are seeing is the end of a huge discount, kind of like the day after labor day. Did they RAISE prices that day, or did the sale just end?

#3. I think the chart of the day pretty clearly shows that today is not a good proxy for "normal".

B