John Rubino: Is Tesla the Bitcoin of Stocks?

Tesla just broke $500 per share. The Tesla fan boys believe it's headed to infinity. Does that sound familiar? They're probably the same people who were buying Bitcoin at $19000 and look where they are now. One constant in investing is that the tree does not grow to the sky. According to Nick Santiago, Tesla will hit $542-3 and then dive. That's not to say it's not a great company and it's plans for world dominance won't eventually succeed. Just don't bet all of your IRA or 401k on it, especially at these lofty levels. People who invest at the top of a parabolic move, inevitably wind up falling off a cliff.

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.