>Nvidia GTX 550ti. The drivers are completely up to date
That is your problem...
IF you have Premiere Elements version 10 and an nVidia card
•nVidia Driver Rollback PreElements-10 http://forums.adobe.com/thread/1317675
•-Old Drivers http://www.nvidia.com/Download/Find.aspx?lang=en-us
How far back do i need to go? because the forum says like versions back in 2013 and the farthest the site lets me go back is june 2014 unless there is a way to go back even farther?
There has been a known problem for a long time regarding the specific issue of Premiere Elements 10 running on a computer that uses a NVIDIA GeForce video card/graphic card. The answer is not to have the up to date driver version, but to be using the May 2013 version of the driver. The full history on that is found...ATR Premiere Elements Troubleshooting: PE10: NVIDIA Video Card Driver Roll Back
On what computer operating system is your Premiere Elements 10 running? There is a good likelihood that the older drivers at the NVIDIA web site might not be older enough. Nonetheless, plug in your information at the NVIDIA web site to see if you can get the choice of a driver version for around May 2013. If you cannot, then you could go on the thought that your card was on an automatic updating schedule and perhaps the older driver version is still on your computer. If Windows, see Device Manager/Display Adapters/name of your card and then its Properties Driver Tab.
If all fails, then some choices are
1. Get a non NVIDIA GeForce card for your computer
2. Go to a later version of Premiere Elements - 11, 12, 13 seem to be free of this very specific Premiere Elements 10/NVIDIA GeForce issue.
Please consider. If any questions or need clarification on the above, please do not hesitate to ask.