For a stock market holiday

Admonishing "the only thing we have to fear is fear itself" is not working in this present crisis.

Fear and anxiety breeds fear and anxiety. The US stock markets, as well as those globally have been in an untenable freefall, for the past two weeks.
We should recall "The New York Times" nearly 79 years ago, (October 26, 1929)

“Cautioning against hysterical selling, brokerage houses in their market letters this morning will strike a note of optimism, advising the purchase of seasoned stocks at the present low levels. The public is strongly urged not to liquidate stocks in the present market.”

For the next few weeks, the United States Securities and Exchange Commission should close the stock markets, stop the trading,
as the Russian stock markets did earlier this week.
From the AP, October 8:

MOSCOW -
Trading on both Russian stock markets was halted - on one until Friday and on the other until further notice - on Wednesday after shares plunged within an hour of opening on fears the credit crisis will take a heavy toll on growth.

MICEX, where most trading takes place, was shut until Friday after it dropped more than 14 percent to 637.9 points in the first half-hour of trading. The benchmark RTS index - which has lost more than 69 percent since its May peak - has been shut down until further notice. It fell 11.3 percent in the first half-hour, dropping to 761.6 points.

Russia's oil-fueled economy has seen its stocks hurtle lower on the back of falling oil prices and concerns about the depth of the financial and economic woes in Europe and the U.S., contributing to the worst-ever day of trading for Russian shares on Monday.

The government is now battling with its most serious financial crisis since the 1998 collapse, and has announced a series of measures to pump liquidity into the banking system and restore confidence in the markets. It has announced more than $200 billion in emergency measures since the crisis escalated in September.

"The holiday will do everybody some good," said Eric Kraus, an adviser to Otkrytiye brokerage. "It looks like the crash in the West is happening this week. Until that is behind us, we cannot expect any degree of rationality in the Russian financial markets."

Russian stock markets closed with minor losses on Tuesday in a tepid response to President Dmitry Medvedev's announcement of new measures to improve liquidity in the banking system.