Try disabling and re-enabling the default trace.
EXEC sp_configure 'show advanced options', 1;
GO
RECONFIGURE;
GO
EXEC sp_configure 'default trace enabled', 0;
GO
RECONFIGURE;
GO
EXEC sp_configure 'show advanced options', 0;
GO
RECONFIGURE;
GO
EXEC sp_configure 'show advanced options', 1;
GO
RECONFIGURE;
GO
EXEC sp_configure 'default trace enabled', 1;
GO
RECONFIGURE;
GO
EXEC sp_configure 'show advanced options', 0;
GO
RECONFIGURE;
GO