Over long periods, Wall Street is a wealth builder for patient investors. But when examined over shorter timelines, directional stock movements are about as predictable as a coin flip.

Since the start of 2021, we've watched the Dow Jones Industrial Average, S 500, and Nasdaq Composite rocket to record-closing highs, plunge into a bear market, and now reenter respective bull markets, based on one definition: a 20% (or greater) rally following a bear market decline of at least 20%.

Yet in spite of this strong rally through the first nearly seven months of 2023, the major U.S. indexes are still well below their all-time highs. In other words, bargains still abound for investors willing to seek them out.

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Source Fool.com