Runaway inflation and rising interest rates have investors worried about a recession, and that has weighed on the stock market, erasing trillions of dollars in wealth. In fact, all three major U.S. indexes -- the broad-based S&P 500, the tech-heavy Nasdaq Composite, and the blue-chip-packed Dow Jones Industrial Average -- have slipped into a bear market this year.

Meanwhile, Block (NYSE: SQ) has seen its share price drop 78%, as traders have mulled concerns about its growth prospects in a weak economy. But there is a silver lining to that shortsighted logic for long-term investors. High inflation is temporary and Block is brimming with potential, and the stock is trading in the bargain bin.

Investors should jump on that buying opportunity. Here's why.

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Source Fool.com