Does Paul reject the idea of celebrating holidays in Galatians?

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Paul has some very strong words against the Galatians implying that they are returning to their former state:

Formerly, when you did not know God, you were enslaved to those that by nature are not gods. But now that you have come to know God, or rather to be known by God, how can you turn back again to the weak and worthless elementary principles of the world, whose slaves you want to be once more? You observe days and months and seasons and years! I am afraid I may have labored over you in vain.—Galatians 4:8-11 (ESV)

It seems the evidence he cites is that they are “[observing] days and months and seasons and years!” I interpret that to mean certain holidays (whether Pagan or Jewish, I don’t know). The NET Bible seems to agree with that interpretation of Galatians 4:9:

You are observing religious¹ days and months and seasons and years.

The note reads:

1 tn The adjective “religious” has been supplied in the translation to make clear that the problem concerns observing certain days, etc. in a religious sense (cf. NIV, NRSV “special days”). In light of the polemic in this letter against the Judaizers (those who tried to force observance of the Mosaic law on Gentile converts to Christianity) this may well be a reference to the observance of Jewish Sabbaths, feasts, and other religious days.

If this is a good understanding of what Paul meant by the phrase, does that mean that he was suspicious of all holiday celebrations (such as the upcoming Thanksgiving (US) and Advent seasons)? Or was this a particular sign of trouble for these particular churches?