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Question is which directions, up or down. Many of these debts from hydro fracting companies are in trouble. Some are shutting down operations, and laying off workers as these low quality oil (sour crude) are facing oil price in the mid 30's.
What do you think about California muni funds? At least there is no danger for them to be impacted from oil shale crisis and CA economy is doing pretty well. I am thinking about CA HY muni NCHAX or some CA muni CEF like NZH, NAC.
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