$NASDAQ Composite Index(.IXIC.US)As the saying goes, "Everyone wants to plow fertile land, but no one wants to compete for it once it's plowed." Last night, the U.S. stock market rebound lacked momentum, especially as the NASDAQ plummeted rapidly in the last hour, ultimately closing down by 0.93% at 17,181.72 points.

Although Hong Kong's night futures rose slightly by 54 points, it didn't reflect the last-hour drop in U.S. stocks. Therefore, it's expected that Hong Kong stocks will open lower today and likely break through the psychological barrier of 17,000 points. The Hang Seng Index has already fallen below the 250-day moving average, and it seems everyone is disheartened. For now, my view is: if you're heavily invested and unwilling to cut losses, consider buying bear warrants or bearish ETFs as a hedge. If you're looking to buy the dip and have the means, I won't oppose it—but as always, act within your limits.$Hang Seng Index(00HSI.HK)