A Day Late and Several Trillion Short

Professionals have been lamenting the disappearance of the uptick rule for months now, and have advocated its return. People stopped talking about it because they got blue in the face and they just threw up their hands because the government wasn't listening. So, months and trillions of lost wealth later, Ben S. Bernanke merely hints that bringing back the uptick rule would help and the market comes roaring back off its substantial lows of the day. There is somebody home in there after all, maybe. This is giving the market hope that the government will stand down defending some of its more idiotic rules. Could Mark-to-Market accounting forebearance be next? Maybe.