There's a lot of pessimism among investors as we approach another new year. 2022 brought the first sustained bear market in more than a decade. Inflation remains at the highest level in 40 years. Big companies are laying off workers. Consumers are pinching their pennies.

But an old saying comes to mind: It's always darkest before the dawn. Even a cursory examination of the past shows that the stock market can quickly turn around. Is a bull market on the way in 2023? Here's what history shows.

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Source Fool.com