Last year was a solid reminder of how powerful an ally optimism can be. Even though stock market corrections, bear markets, and even crashes are a normal and inevitable part of the investing cycle, all three major stocks indexes are trending higher over the long run.

However, not all of the major indexes have reached new highs. While the ageless Dow Jones Industrial Average managed to eclipse its old closing high, the broad-based S 500 and growth-driven Nasdaq Composite failed to do so in 2023. For investors with cash at the ready and a long-term mindset, it means bargains can still be found.

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Source Fool.com