Over long periods, Wall Street has proven to be a bona fide wealth creator. But when examined over shorter timelines, directional moves in the Dow Jones Industrial Average, S 500, and Nasdaq Composite are no more certain than a coin flip.

Since this decade began, all three major stock indexes have bounced back and forth between bull and bear markets. Despite a relatively strong showing through the first nine months and change of 2023, all three stock indexes remain well below their record-closing highs, set between November 2021 and January 2022. For patient investors, it means bargains still abound.

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Source Fool.com