it has been down 4 days in a row now...
it is NOT TANKING buy it if you California!!!!!!!!!
Most of the CA muni funds are tanking. Take a look at MCA and MYC. If these funds get to a discount of 8 to 10% I would consider it a possible buying opportunity if you need California tax free income.
Why are Callifornia munis tanking more than the others? The Muni Bond Buyer Index is down but California is down by more. I just filed my California tax return,based on that I'm buying more,not less.