For nearly two years, the bulls have been wild on Wall Street. Since the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S 500 (SNPINDEX: ^GSPC), and growth-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC) bottomed out in October 2022, they've all gone on to hit multiple record highs.

While history unequivocally shows that patience pays off handsomely on Wall Street, it also tells us that stocks rarely move up in a straight line. The prospect of a sizable decline in stocks appears to be building, which could open up meaningful opportunities to buy stakes high-quality companies at a discount.

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Source Fool.com