 no it was n't black monday 
 but while the new york stock exchange did n't fall apart friday as the dow jones industrial average plunged N points most of it in the final hour it barely managed to stay this side of chaos 
 some circuit breakers installed after the october N crash failed their first test traders say unable to cool the selling panic in both stocks and futures 
 the N stock specialist firms on the big board floor the buyers and sellers of last resort who were criticized after the N crash once again could n't handle the selling pressure 
 big investment banks refused to step up to the plate to support the beleaguered floor traders by buying big blocks of stock traders say 
 heavy selling of standard & poor 's 500-stock index futures in chicago <unk> beat stocks downward 
 seven big board stocks ual amr bankamerica walt disney capital cities\/abc philip morris and pacific telesis group stopped trading and never resumed 
 the <unk> has already begun 
 the equity market was <unk> 
 once again the specialists were not able to handle the imbalances on the floor of the new york stock exchange said christopher <unk> senior vice president at <unk> securities corp 
 <unk> james <unk> chairman of specialists henderson brothers inc. it is easy to say the specialist is n't doing his job 
 when the dollar is in a <unk> even central banks ca n't stop it 
 speculators are calling for a degree of liquidity that is not there in the market 
 many money managers and some traders had already left their offices early friday afternoon on a warm autumn day because the stock market was so quiet 