Banking Crisis is over!

Over the weekend, I read two interesting stories by people who have put themselves on the line and said in all sincerity that the banking crisis is over! First it was the Chairman of Barclays Bank in London who said that the banking crisis is over, but the nasty global recession could go on a while longer. Next up, Donald Luskin, chief investment officer of Trend Macrolytics, who also said in an article posted on Smartmoney, that the banking crisis is over. Luskin goes on to say that while the Obama administration did a wonderful job ending the banking crisis, they did not do so well in other areas. Luskin also thinks that the recession and the bear market is over and investors will have to be skillful in their trades to make money in the markets going forward. Long term investing may be obsolete. Traders will have to buy on the dips and sell in the rallies, he says. Notice he didn't say get out of the market, he just said, be nimble and trade carefully. This has been the manta of investing for all time, buy low and sell high. Everyone has heard that before. The problem for most investors is they don't know when to sell. No one wants to sell a loser and admit they made a mistake. To win in investing you have to be right more times than you are wrong. Sometimes you need to sell to cut your losses and prevent further losses from occurring. Ask your self the question, would I buy this stock today? If not, then why do you want to keep it in your portfolio? What's your next move?