at balanceto look sheets. this is where we want to focus on dividends. those that are so a noble.ental. 4.5% dividend yield with debt to cap ratio of 20%. that is a very healthy balance sheet. some of the other large cap like marathon, chevron if you want something very defensive. these are companies committed to the dividends, and one to invest but they are in austerity mode, so they will not cut back on spending. dividends are priority number one, then comes capital spending. expect ishat we dividends to be maintained by and large a long large cap producers, but capital spending could well be down, even after this years sharp decline because companies have to live within their means ultimately. alix: thank you very much, senior vice president at raymond james. , we have the dow down almost 600 points as we get closer to the closed. stop deepening losses after an earlier recovery. we will break it down next. ♪ alix: welcome back to the i amberg "market day." alix field. 15 minutes before the closing bell. we want to go to julie hyman. stocks continue to deteriorate. not nearocks