Hedge fund investor Hussman is one of my favorite hedge fund managers. In his most recent post he summed up the financial market situation quite well:
"In the high interest rate, low valuation situation, investors face outstanding prospects for long-term returns. In the low interest rate, high-valuation situation, investors face dismal prospects all around."
To learn more I urge you to read his posts every month, it is one of the best sources of a reality based view. Of course fantasy views can last years, but eventually the truth manifests but not always the way it is expected.
His blog is at: https://www.hussmanfunds.com/comment/
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