Over the past 17 months, Wall Street has taken investors on quite the ride. After the Dow Jones Industrial Average, S 500, and Nasdaq Composite surged to record highs between mid-November 2021 and the first week of January 2022, all three indexes plummeted into a bear market. And despite sizable bounces off their 2022 lows, the Dow, S 500, and Nasdaq remain well below their all-time highs.

While traders might view this as a challenging environment, long-term investors see bear markets as an opportunity. Over extended periods, every sizable correction in the Dow, S 500, and Nasdaq Composite has eventually been wiped away by a bull market. Though we'll never know the timing of these events in advance, history pretty conclusively shows that buying high-quality stocks during these downturns is a smart move.

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Source Fool.com