There is a squeling noise when the clutch is engage (pedal up). Once a slight pressure is applied on the pedal and it is depress about a half an inch the niose disappears. I replaced this bearing a few years ago when I put the knew clutch in it only has maybe 150 miles on it. I adjust the clutch pedal recently and then notice the noise. Could I just have the pedal adjusted so the bearing is not moving far enough away from the fingers or is the bearing itself bad.

The bearing should not be making contact when the pedal is up, so there should not be any noise at all. You probably have it adjusted too close, and have worn the bearing.