This Market Is Treading Water and Is Hard to Rationalize

It's hard for analysts to explain the past two trading sessions. On Friday, the Dow Jones Industrial Average slipped 400 points on somewhat hawkish comments from Boston Federal Reserve Governor Eric Rosengren, hinting at a near-term rate increase. On Monday, the Dow surged 239 points amid dovish comments from Fed Governor Lael Brainard. 'It's a low conviction market - very jittery - liquidity is extremely sporadic,' said Michael Ingram, a market analyst with BGC Partners, based in London. 'If you try to rationalize it too much, it will make your ears bleed.' TheStreet's Scott Gamm reports from Wall Street.