Missing Proxy ... but it's there!

I'm editing with FCPX 10.0.5 and for some reason when I try to work with proxy files I'm getting the red "Missing Proxy" screen for all my files. The proxy files are there in "Transcoded Media>Proxy Media". I have tried to relink the event clips. When I select "missing" nothing show. When I select "All" It indicates "0 of 34 files matched". I select "Locate All" go to the proxy files and select "RelinkFiles". I still have Missing Proxy. What's going on?