Many of my friends use an apostrophe-S after a proper noun to conjoin the word with the word is. For example:
"Bob's angry today."
This does not make sense to me. I know that an apostrophe can be used to either show possession or to replace letters in a conjoined word such as "can't"; however, when you are referring to a proper noun, would that not be incorrect, since it would be showing possession instead?