Is it risky purchase of VCITX near its 52-week low prices? But notice the upmove from under 9.80? Could be another head fake?!

CA still has no budget but bond market already discount a budget is in sight? FEDS to give a hand like GMAC?

Will be interesting come March 2009 if IOUs have to be handed out.

In general, municipal bond market has made a decent comeback from their lows. At one time VCITX tracked T-bill. Not anymore. Someone mentioned MUB is a good parallel stock indicator to follow, on most days.