When I do 'inspect element' the only thing of importance in the html code, i.e. after ignoring header information, some div class, etc. is saying that it is running the script "app.js" -- which must be in the current directory (web).
My previous settings were to connect to the witness node at openledger (still haven't been able to get a witness node running locally on el capitan), but to run the wallet on my local server. Using OL's witness node worked fine.
Unless you mean that I am accessing the web wallet via localhost:8080, in which case that is true (hence what I mean by running the web wallet 'locally').