Before I do this. I would like to know what caused this or is this a blanket reset and see if that works.
This is a standard troubleshooting step. You can read about it in the link I gave you.
Did not fix the problem. In fact now that I did this stupid Blanket Reset I will have to go in an put all setting back in...
Try disabling browser plugins, especially for Chrome.
You have two different blending modes on your layer that are neutralizing each other.
You probably have your text on a separate layer.
In the the Effects PANEL (NOT the dialog box) you have the blending mode set to SCREEN.
In the Effects DIALOG box you have drop shadow with the default MULTIPLY blending mode.
See the setting in the lower left of the dialog box.
Object is set to Screen 100% ( in the Effects PANEL)
But the Drop Shadow is set to MULTIPLY in Effects DIALOG box
These settings are canceling out each other.