I found this mushroom at Carderock Park, Maryland. The pink, pea – sized balls that are on the log are the Carnival Candy Slime.
Description: Mushroom: 0.5-1 mm wide, 1.5-5 mm high, cottony – thready, reddish, becoming dingy ochre. Stalk: dark or reddish, broadening into cuplike container above, rising from small sheetlike base, 0.5-1.5 mm long.
Season: June- November
Habitat: On dead wood mostly deciduous.
Range: Widely distributed in North America.
Look – alikes: A. incarnata is brighter red, with shorter stalk and broader, shallower cup.
Comments: Carnival Candy Slime is usually found fruiting in very dense clusters.