Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Federal Reserve Chairman Ben Bernanke has steadied Wall Street by telling Congress the recession would end this year.

Bernanke, making his semiannual report on the economy to the Senate Banking Committee, said the economy is likely to keep contracting in the first six months of the year -- hardly a surprise to Wall Street. But he also said the recession will end this year and that he would use all available tools to help end it.

Bernanke's comments helped the market absorb a worrisome report on consumer spending. The Conference Board's consumer confidence index for February came in at 25, well below expectations. The finding is the latest sign that consumers are deeply worried about the recession and the safety of their jobs.

In midmorning trading, the Dow rose 74.31, or 1 percent, to 7,189.09. The S&P 500 index rose 9.54, or 1.3 percent, to 752.87, and the Nasdaq composite index rose 19.40, or 1.4 percent, to 1,407.12.

Yesterday’s Top Performing SmallCapVoice.com stock:

Green Earth Technologies (Pink Sheets: GETG) was a SmallCapVoice.com top performer moving up over 46% on trading volume of 281,318 shares.

Green Earth Technologies  announced today that Simon Higgs has been named President and Chief Operating Officer of Green Earth Technologies. Mr. Higgs, already a member of the board of directors, will immediately take on both roles as Dr. Mathew Zuckerman regrettably had to resign from his position as President and COO due to medical reasons. Jeffrey Loch, co-founder of GET will replace Dr. Zuckerman on the Board of Directors and will continue leading GET's marketing and sales initiatives while chairing the Advisory Board.

Today’s SmallCapVoice.com Hot Stock to Watch:

Solargy Systems Inc (OTC BB: SLGS)

Solargy Systems Inc is a systems Integrator of solar cell power technologies. Solargy designs and manufactures PV cells using  technology to deliver affordable power for emerging markets.

Solargy Systems has executed agreements with equipment manufacturers to supply the equipment to manufacture the solar cells and the panels.

In 2009 Solargy expects to increase sales from the 2008 levels of $4,100,000 to approximately $25,000,000.

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