Steven,
Thanks again for your help. What I'm concerned about at this point is not the result of the analysis, but the method I've used to get there.
The top hole is hung on a hook hanging on a chain from a ceiling hoist. Is the displacement constraint I've placed on it a good representation of that scenario? I tried to remove the constraints in the X and Z direction, because nothing will be holding the hook in place in those directions, but the analysis fails every time I try it that way. It shows parts of the mesh in red and tells me my constraints are wrong. The same thing happens with a "pin" constraint on the top hole. I ended up with the constraint on the top hole the way it is just to make the analysis run without failing.
Also, is the bearing load correct? How exactly does creo define a "bearing load" and in what directions is it free to move/rotate? Is the gravity load set up correctly? As I said before, I just don't know what i'm doing with any level of confidence on this. I really need to take a class or something, but I don't see that happening.