Update::::
Well I finally got around to heading to Walmart and picking up some lubricant. Before appling it to the rear stabilizer bushing I decided to give my shocks a little bit of a spray out of curiosity. I pressed down on the car and got no squeak. I then drove it for about 10 miles or so, without any squeak from the rear... Soooo im guessing it was actually my shock absorber causing the issue....

However that leads me to my next question, why is the shock absorber doing this and what needs to be done? I tried to examine it for any cracks etc, but didnt see anything of that sort. I did notice that the shock did have an area which looked like it was chaffing or "bare" with a dried up greasy look... (Ill take some pictures tonight after studying for physio).

Thanks in advance, and ill reply back later with pictures.

Kolme