After about an hour of playing that way I realized my stats where horrible I unequipped everything with a - attack or - defense stat as well as any gear that had combat skills effect less than 1.
My combat and movement stats still looked terrible, so I dropped anything I didn't need restoring my "lightweight" status and stood there naked. With no gear on, I still had something like -13 Attack, -13 Defense and a run speed of 12.
I was so angry I abandoned that game and started fresh, paranoid of anything with a stat penalty. I'm sorry, had I known I would have captured a save game.
...Also sorry my first official post is a bug report.
-Knave