I got a new battery from Walmart a while back. I picked it up from a parking space, and it started just fine, so I didn't think I needed to look it over. Famous last words, I know...

I was looking under the hood today and saw a reddish substance that was coming from near the terminals (both of them), and it appears to have seeped to the other side of the battery. You can see here in the pic.
Is something that indicates a problem?

I was looking under the hood today and saw a reddish substance that was coming from near the terminals (both of them), and it appears to have seeped to the other side of the battery. You can see here in the pic.
Is something that indicates a problem?