Fear of law suits prevents most analysts from publishing lists of short selling targets. But the Audit Integrity Co., a forensic accounting firm, regularly posts lists of public companies they believe may go bankrupt (see auditintegrity.com). Many of their picks reflect the accelerating shift from the old economy to the new economy. With offices in New York and Los Angeles, they look at leverage, market position, debt, and their own proprietary indicators. Another red flag are the legal shenanigans that companies resort to when coming out of a recession, like writing off large amounts of good will. In the media space CBS (NYSE:CBS), Sirius XM Radio (NASDAQ:SIRI), and Hertz Global (NYSE:HTZ) are at risk. In the consumer field, Rite Aid (NYSE:RAD), Macy’s (NYSE:M), and Las Vegas Sands (NYSE:LVS) made the list. Advanced Micro Devices (NASDAQ:AMD) is the largest tech company to warrant scrutiny. Airlines, always a favorite of bankruptcy mavens, include American Airlines (AMR), and Continental (NYSE:CAL). Sprint Nextel (NYSE:S) tops the list of telecom companies. With the stock market looking very toppy here, better take that portfolio out and give it a good scrubbing.