With U.S. economic optimism rising and the Fed money spigot wide open, turmoil in Cyprus didn't spark a major correction in stocks. Could lackluster earnings do the trick?
"Every time this market corrects even slightly on this negative news, the powerful combination of better economic statistics in the U.S., and the never-ending Fed ease kind of brings buyers back in," Ben Pace, chief investment officer for Deutsche Bank Private Wealth Management, told CNBC this week.
The recent economic data has indeed been more encouraging — whether it's a better jobs report, a building recovery in housing or improvements in manufacturing.
(Read More: Are Markets Too Complacent Over Cyprus?)