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I doubt LEH will go down like Bear. Merrill came out with an intraday upgrade and raised its price target on the stock. Obvoiuslyy, they're trying to shore up confidence. Bear fell into a self fulfilling prophesy, where it was losing countery party confidence and noone on wall street would do...

There are a lot of fund of funds in Switzerland. You also have your large banks (UBS, CS) and your private banks (Pictet, Lombard, etc.). Some financial advisors and brokerage houses as well. One thing you want to consider is what part of the country because Geneva is a big financial center...

I try to avoid choppy markets, as I have been chopped up more than once. When it happens, I stop and paper trade until my approach is working again. I feel your pain.

Yes, they are like gambling, but so are a lot of optoins strategies. i kind of look at like buying a call or a put, but with limited upside potential.