The markets aren't ignoring the bad news: they were down last week, overall.
Sentiment seems a bit too bullish given the news backdrop, though.
But I figure Ireland will be solved, and something will be done to reassure everyone over the other countries. N Korea will go quiet again, having made sure everyone is still paying attention to it, which is really all it wants, the pathetic thing.
So, I voted bullish because it's an end of month/beginning of month week, which will mean net inflows, and by the end of the week we'll have unemployment numbers, and those look like they'll be improving given the drops in jobless claims we've had the past couple of weeks. So, up overall next week.