2 Once-in-a-Decade Buying Opportunities for 2023
The market was riding high late last year, when things came crashing down. Since then, macroeconomic conditions drove the broader market indexes -- including he Nasdaq Composite -- deep into a bear market, unparalleled in recent history. The tech-focused index has been hardest hit, currently down more than 29% since late 2021, still in the throes of its steepest sell-off in more than a decade.
Some of the biggest names in technology have been hit even harder. Amazon (NASDAQ: AMZN) and PayPal (NASDAQ: PYPL) stocks have cratered, falling 47% and 71%, respectively, during the same time frame. Neither of these stocks has experienced a decline of this magnitude over the past 10 years -- though PayPal has only been public since 2015.
That said, a falling stock price doesn't always signify a business that's in trouble. Investors who can distinguish between the two are most likely to benefit from these once-in-a-decade buying opportunities.
Source Fool.com
