"The SEC has been considering reinstating the uptick rule for some weeks after coming under political pressure to take action against short sellers, whom many hold responsible for driving down stock prices during the past 18 months."
Notice that the SEC is pressured by sentiment to take action against short sellers. Even though we have just had a huge 25% rally in a few weeks.
Financial Times
http://www.ft.com/cms/s/0/89779be2-2242-11de-8380-00144feabdc0.html
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