Re: The Washington Post, "... I am hopeful the uptick rule will be restored within a month," Frank said, Reuters reports. "Mary is moving towards the uptick rule, which some people think is very important, some people think it's not important, nobody thinks it does any harm. ..." http://voices.washingtonpost.com/eco...

IMO the rule will do no good.

And IMO, Federal Reserve Chairman Ben Bernanke misspoke when he said, if the rule were still in place it "might have had some benefit". I think he forgot that short sellers just as often contribute to up swings as down swings. If that weren't the case we'd all be short sellers - and rich. The corrilation of high short sales with resulting up swings in stock prices is well known.

But if it makes some people feel better to think a rule will help keep markets from falling, what's the harm? Maybe liquidity.