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The 'Uptick Rule' (A.K.A The Dangers of Dog Piles)

Why should we allow unfettered optimism to drive up valuations on the long side and not allow shorting to correct such? It's a market, we don't need the big brother SEC creating controls. Besides, we had the crash of 1987 when the uptick rule was in place (it obviously didn't help much).

And you're an idiot if you think Goldman's trading desk (which one by the way? they have many) would be engaging in momo tactics like the one you suggest. The type of trading they do is much more hedged and much more complex.