Okay, after looking at it, I noticed the belt was a little crooked on the power steering pump. Went to pick and pull this morning and pulled a power steering pump off a '95 xj and swapped the power steering pump on my xj. Squeal is gone! As I suspected, it looks like when the previous owner changed the power steering pump, he put the stupid pulley on backwards which caused the belt to squeal because it wasn't lined up right.
I guess I could have pulled the pulley and changed it around, but then i'd have to buy the tool and since I had to go to pick and pull to get a hood latch cable and floor mats, I figured I'd grab a power steering pump while I was there.
If anyone's power steering pump blows up, I have a practically new spare, just gotta turn the pulley around!