According to a study by prominent investment website Guru Focus now is a great time to focus on international markets. Using the well-known Buffet metric of national Gross Domestic Product divided by Total Equity Market Cap, Guru Focus has calculated a rough valuation level for several developed and emerging market countries. Just as expected they have found that most of the current opportunity lies outside of the US Markets. Check out the table to the right for each countries projected forward annual return.  For the full story on how the valuation levels were calculated and an in depth look at the implications visit http://www.gurufocus.com/global-market-valuation.php.