| Yep, that's what it should be like. I reckon it'll put all the weight transfer onto the rear shock too, making it sit down too much. Low rear, high front, naff steering.
You say you've put the bike back to standard suspension settings, but if the preload is so far out you clearly haven't. I'd check everything again if I were you - preload, compression, rebound, drop through the yokes and steering head angle for the front forks. Rear end is preload, compression, rebound and ride height. | 
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