One of the biggest news events of the year seems to be the explosion of the oil rig in the Gulf of Mexico. While initially the worry was for the workers on the oil rig, it has now turned to the massive oil spill that is causing havoc in the Gulf of Mexico. How is this affecting the companies who are involved with this oil spill? If this past week is any indication, not well.

The last week of April was a tough week for the stock market with plenty of stocks and sectors taking a tumble. Hit by the double-whammy of the oil rig explosion and the fallout over Goldman Sachs, the stock market saw a lot of its gains over the past few weeks lost. Is this a sign of bad things to come, or just a blip on the road to recovery from the recession?

Lawsuit against GS along with criminal case investigation has sent them for a free fall in the stock market. Friday was the perfect opportunity to squeeze money out of them via short sell. Monday trading will decide the fate of a company that showed 100% profit surge in their earnings a week back!