Here is the cover of the most recent issue of The Economist magazine. Here is a link to the story (but a subscription may be required).
The cover story is entitled "Surviving the Markets" and the cover depicts a surfer about to be wiped out by a huge wave and, if he is really unlucky, eaten by sharks. The story itself opines that the panic has further to go before normalcy can return.
This is the first clearly bearish magazine cover since the July 16 top. I think it has the same significance as this Economist cover which appeared in May of 2006, two weeks before the June low of that year.
The bull market in stocks is not over and I think we shall see new bull market highs by the end of this year.