The Gurus Speak ... ...

Warren Buffet says ... ...
- He expects the US$ continues to weaken.
- He is upbeat on S.Korean stocks and interested in big companies in Asia.
- Berkshire Hathaway has bought undervalued Korean shares such as steelmaker POSCO, Kia Motors, Hyundai Steel and Shinyoung Securities.

Jim Rogers says ... ...
- He is moving his assets out of US$ and buy Chinese yuan as he expects it to quadruple in next 10yrs. He is also buying Swiss francs and Japanese yen because of carry trade.
- Bonds & stocks bull mkts are over.
- He remains bullish on commodities especially on agriculture, and is holding on to platinum, gold, silver and palladium.

Marc Faber says ... ...
- Fed lowered interest rates is contributing stock mkt bubble in US.
- Chinese assets rally (including 171% gain in CSI300 Index) & India's gain will end by Aug08.
- US$ may rebound against euro if bubbles in emerging mkts deflate, as fund mgrs will invest in US then.

* CNA-W.Buffet , IHT-J.Rogers , Bloomberg-M.Faber *