Warren Buffet and the Magazine Cover Indicator

The major weekly magazines each had a cover profiling the recent turmoil in the financial markets and system. An old adage is that the market often turns contrary to the views and headlines expressed in magazine covers...hence, we may see the potential for atleast an intermediate term low in the market (no guarantees!). And, Warren Buffett invested $5 billion into Goldman Sachs, his first foray into the financial sector since 1987 (1987 Crash).