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Goldman: Market way overvalued. 4 stocks to short

A trader works on the floor of the New York Stock Exchange.
Adam Jeffery | CNBC
A trader works on the floor of the New York Stock Exchange.

Goldman Sachs sent a note to clients Monday that said the U.S. stock market is the most overvalued in 40 years, excluding the tech bubble.

Accordingly, the report by the firm's chief U.S. equity strategist, David Kostin, suggested a number of stocks clients should bet against because of high valuations.