time is incorrect each morning after Mountain Lion update

Every morning my time on the top status bar is a few hours off. Sometimes it corrects itself within an hour after the computer wakes or I need to do a restart to get the correct time to display. When I try to click the time to display time properties I get the beach ball on hovering over the time. When I launch system preferences the properties are correct but the system preferences shows "Not responding". Anyone else with this issue? Anyone know how to fix it?