alan lancz is the director of research at lanczglobal.com. >> tom: welcome to nightly business report. nice to see you. >> thanks, tom. >> tom: so when we spoke six months ago you were looking to get defensive. is being protective in the market today still the right strategy? >> i think so i think we've still got some tough sledding. half of the gains in the s&p 500 are purely from dividends. so if you didn't abide by our recommendation to get defensive and look at dividend-paying companies, i think you rode the market up 8% and then back down. so it's going to be more of that 2 steps forward, one step back. >> but there is a difference between being defensive and looking for dividend payers, isn't there? >> oh, yeah, definitely. i mean it's a combination of being defensive, you know, as far as with the sector and your selections. but dividends a big component of that defense as far as to protect the downside is important in a year like 2011. >> and the sell-off we've seen just this month in june. technology and the energy sectors are the two worst performing. technology growth, energ

our friday market monitor guest is alan lancz editor of the "lancz letter." the federal reserve will be in the spotlight as it begins a two-day meeting on tuesday. chairman ben bernake holds a news conference wednesday. monday, creating jobs during challenging economic times. we talk to state leaders about what the role of government should be. >> susie: some encouraging news the group's fear that higher food prices will hurt the world's poor who already spend as much as 80% of their income on food. >> tom: the fight against medicare and medicaid fraud goes high tech next month. that's when the federal government begins using new software aimed at flagging would-be criminals before they get a check from uncle sam. medicare has awarded a $77 million contract for the new system to defense giant northrup grumman and a group of companies. they'll use technology similar to that of banking and telecommunication companies to spot fraud. >> tom: greece, jobs, housing. there is no shortage of worries for investors and that may be reason to get optimistic. so says toni

tomorrow, alan lancz of lancz global tells us what he sees next for the markets. not everyone loves their new car. j.d. power today released its survey of initial quality on 2011 models. cars that were redesigned or completely new this year are having more quality problems. the reason-- glitches in high- tech add-ons like navigation and audio systems. here are the models that gave new owners the least headaches: lexus was number one, followed by honda, acura, mercedes benz, and mazda. ford fell to 23rd-- it was fifth last year-- and chrysler's dodge brand came in last. >> tom: facebook has friended the head of netflix. the streaming video service's c.e.o. reed hastings joins the social media site's board of directors. facebook c.e.o. mark zuckerberg said hastings has built a culture of continuous rapid innovation at netflix, something facebook strives for as well. hastings also serves as an independent director on microsoft's board. microsoft has an ownership stake in facebook. >> susie: why learning how to fail big is a good thing when it comes to silicon valley