Markets - what is happening!

Apple is expected to announce good results for the third quarter!  I was finally able to get into a store that had the new Apple iPhone 3G!  So, I have added to the revenue stream in my own small way!  

Drug companies are being looked at for possible mergers and takeovers as Roche offers $44+ billion for Genentech!  Merck and Schering to report 2nd  quarter earnings today!  Drug companies may be the hot ticket right now.

Crude Oil remains under $130 a barrel, so why is gas still $4.25 a gallon at the pump????  It is amazing how quickly it can go up and how slowly it can drop down!

S&P ETFs are getting a lot of interest right now as investors worry about individual stocks and would rather gamble on a pice of 500 large companies to show when the turn around happens!