Bill Gross CNBC 10/27/08 - Libor Rates, Stock Markets

Bill Gross on CNBC 10/27/08

At a certain market price point, the market looks attractive

Treasury announces rate today....2.88% No way Libor can stay at 3.5% when Government is buying at 2.88% Expect Libor to go down.

Libor rates will come down soon because of the Fed commercial paper program....Treasury programs kicking in this week will loosen credit markets.

Stocks and Oil are going down because of this massive deleveraging.
Tarp program is less significant than Bank Capital Purchase Program.

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