Go Small Or Go Home

Forget the big picture, think small! For the past 30 days little companies have been outperforming their big brothers.

In fact, the iShares Russell 2000 ETF has more the doubled the return of the S&P 500 over the past month.

S&P 500

Traders, what’s going on?

The strength in the dollar might be helping the small caps, says Guy Adami.

I’m long S&P and short Russell, says Karen Finerman, and it hasn’t worked. You’d think in an economic downturn the smaller guys would be hit harder but that hasn’t been the case.

I have my thumb right on it, exclaims Pete Najarian. S&P has far more exposure to energy. As energy is beaten the S&P is taken down. I really don't think it's anything more than that and I would not get long small cap on this trend.

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Trader disclosure: On Aug 12, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WMT), (COST), (MSFT), (UUP), Macke Is Short (TM); Adami Owns (AGU), (C), (BTU), (GS), (INTC), (NUE), (MSFT); Pete Najarian Owns (AAPL), (NVDA), (TSO), (AMLN), (HD); Pete Najarian Owns (CSCO) Calls; Finerman Owns (GS); Finerman's Firm Owns (GLNG), (JCP), (MSFT), (SUN), (TSO), (VLO); Finerman's Firm Is Short (WB), (XLF), (BBT), (COF), (IYR), (MDY), (SPY), (IWM), (IJR); Finerman's Firm Is Short British Pound; Finerman's Firm And Finerman Own (PDE); Finerman's Firm And Finerman Own (C) Leaps