It's adjusted incorrectly if you put a new belt on it and it still does it. If it has been squealing for sometime, then the belt will likely be worn out and is best replacing anyway, as if it drives things such as the water pump (like on mine), your setting yourself up for terminal failure of your engine.
Also, once the belt has bed in, you may need to readjust it, as it will have slackened slightly. (DO NOT do the belt up tight, it needs to have some movement in it, if it doesn't you will wear bearings and other components out too quickly).