Minecraft won't start

When starting the Launcher, it gives me this response. (See picture)

The Play button is greyed out, as well as the Logout button. Leaving nothing to do but exit the Launcher.

Tried re-installing Java.
Tried creating a 2nd profile. Sometimes it would allow the profile to login, sometimes not. Either way, If it says it'll allow playing offline, then the play button is greyed.

Here's the info from the Development Concole window:

Unexpected exception refreshing version list
java.lang.NullPointerException
	at net.minecraft.launcher.updater.VersionList.addVersion(VersionList.java:90)
	at net.minecraft.launcher.updater.LocalVersionList.refreshVersions(LocalVersionList.java:44)
	at net.minecraft.launcher.updater.VersionManager.refreshVersions(VersionManager.java:47)
	at net.minecraft.launcher.Launcher$2.run(Launcher.java:164)
	at java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)
	at java.util.concurrent.FutureTask$Sync.innerRun(Unknown Source)
	at java.util.concurrent.FutureTask.run(Unknown Source)
	at java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)
	at java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)
	at java.lang.Thread.run(Unknown Source)

Launcher 1.0.8 (through bootstrap 4) started on windows...
System.getProperty('os.name') == 'Windows 7'
System.getProperty('os.version') == '6.1'
System.getProperty('os.arch') == 'amd64'
System.getProperty('java.version') == '1.7.0_25'
System.getProperty('java.vendor') == 'Oracle Corporation'
Loaded 2 profile(s); selected 'New Profile'
Trying to log in...
Logging in with access token
Logged in successfully
Delta time to compare resources: 442 ms 
Download job 'Resources' skipped as there are no files to download
Job 'Resources' finished successfully
Trying to log in...
Logging in with access token
Couldn't go online
net.minecraft.launcher.authentication.exceptions.InvalidCredentialsException: Invalid token.
	at net.minecraft.launcher.authentication.yggdrasil.YggdrasilAuthenticationService.makeRequest(YggdrasilAuthenticationService.java:123)
	at net.minecraft.launcher.authentication.yggdrasil.YggdrasilAuthenticationService.logInWithToken(YggdrasilAuthenticationService.java:97)
	at net.minecraft.launcher.authentication.yggdrasil.YggdrasilAuthenticationService.logIn(YggdrasilAuthenticationService.java:50)
	at net.minecraft.launcher.ui.sidebar.login.NotLoggedInForm$1.run(NotLoggedInForm.java:162)
	at java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)
	at java.util.concurrent.FutureTask$Sync.innerRun(Unknown Source)
	at java.util.concurrent.FutureTask.run(Unknown Source)
	at java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)
	at java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)
	at java.lang.Thread.run(Unknown Source)

Going to play offline as 'LAWSONTRL'...
Invalidating accessToken with server...
Trying to log in...
Logging in with username & password
Logged in successfully
Getting syncinfo for selected version
Couldn't go online
java.lang.IndexOutOfBoundsException: Index: 0, Size: 0
	at java.util.ArrayList.rangeCheck(Unknown Source)
	at java.util.ArrayList.get(Unknown Source)
	at net.minecraft.launcher.GameLauncher.playGame(GameLauncher.java:96)
	at net.minecraft.launcher.ui.sidebar.login.NotLoggedInForm$1.run(NotLoggedInForm.java:174)
	at java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)
	at java.util.concurrent.FutureTask$Sync.innerRun(Unknown Source)
	at java.util.concurrent.FutureTask.run(Unknown Source)
	at java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)
	at java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)
	at java.lang.Thread.run(Unknown Source)

Going to play offline as 'LAWSONTRL'...