Stock price when the opinion was issued
Whatever happens in the US affects the rest of the world. He wouldn't recommend emerging markets, as they tend to underperform if/when there's a recession.
Investors would be better off buying the best companies in the German market, rather than the whole German market. Germany's the 4th-largest economy in the world, but it's had a bunch of issues with its own deficit and economic slowdown. He owns specific stocks in Europe.
Whenever he invests in Europe, he is always disappointed. It never seems to make an awful lot of money. However, he wouldn’t have a problem going into Germany. They do have a refugee problem which is creating a lot of difficulty. You could go into this, but don’t go in too heavily.