The U.S. stock markets have finally had a long-awaited 10% correction. Investors may be pained to see a double-digit loss in their accounts so quickly, but they should rejoice: The U.S., represented by the S&P 500, is one of the best performing indices in the world this year, even after the decline.

After 2009, which saw money invested just about anywhere in the world do well, where should money go in 2010? So far, the answer is not in stocks, at least not in broad indices in major markets. We have looked at how stocks have fared in representative markets, using country-based exchange-traded funds to assess where the best performing parts of the world might be.

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