test.ulab

MSTParser是以最大生成树理论为基础的判别式依存句法分析器。它将一科依存树的得分看作是 所有依存关系的得分的总和

no	,	it	was	n't	black	monday	.
UH	,	PRP	VBD	RB	JJ	NNP	.
4	4	4	0	4	7	4	4

but	while	the	new	york	stock	exchange	did	n't	fall	apart	friday	as	the	dow	jones	industrial	average	plunged	190.58	points	--	most	of	it	in	the	final	hour	--	it	barely	managed	to	stay	this	side	of	chaos	.
CC	IN	DT	NNP	NNP	NNP	NNP	VBD	RB	VB	RB	NNP	IN	DT	NNP	NNP	NNP	NNP	VBD	CD	NNS	:	JJS	IN	PRP	IN	DT	JJ	NN	:	PRP	RB	VBD	TO	VB	DT	NN	IN	NN	.
33	33	7	7	7	7	8	2	8	8	10	10	10	18	18	18	18	19	13	21	19	23	21	23	24	23	29	29	26	23	33	33	0	35	33	37	35	37	38	33

some	``	circuit	breakers	''	installed	after	the	october	1987	crash	failed	their	first	test	,	traders	say	,	unable	to	cool	the	selling	panic	in	both	stocks	and	futures	.
DT	``	NN	NNS	''	VBN	IN	DT	NNP	CD	NN	VBD	PRP$	JJ	NN	,	NNS	VBP	,	JJ	TO	VB	DT	NN	NN	IN	DT	NNS	CC	NNS	.
4	4	4	12	4	4	6	11	11	11	7	0	15	15	12	18	18	12	18	12	22	20	25	25	22	25	30	30	30	26	12

the	49	stock	specialist	firms	on	the	big	board	floor	--	the	buyers	and	sellers	of	last	resort	who	were	criticized	after	the	1987	crash	--	once	again	could	n't	handle	the	selling	pressure	.
DT	CD	NN	NN	NNS	IN	DT	NNP	NNP	NN	:	DT	NNS	CC	NNS	IN	JJ	NN	WP	VBD	VBN	IN	DT	CD	NN	:	RB	RB	MD	RB	VB	DT	NN	NN	.
5	5	5	5	15	5	10	10	10	6	15	15	15	15	29	15	18	16	15	19	20	21	25	25	22	15	29	27	0	29	29	34	34	31	29

big	investment	banks	refused	to	step	up	to	the	plate	to	support	the	beleaguered	floor	traders	by	buying	big	blocks	of	stock	,	traders	say	.
JJ	NN	NNS	VBD	TO	VB	RP	TO	DT	NN	TO	VB	DT	JJ	NN	NNS	IN	VBG	JJ	NNS	IN	NN	,	NNS	VBP	.
3	3	4	25	6	4	6	7	10	8	12	6	16	16	16	12	12	17	20	18	20	21	25	25	0	25

heavy	selling	of	standard	&	poor	's	500-stock	index	futures	in	chicago	relentlessly	beat	stocks	downward	.
JJ	NN	IN	NNP	CC	NNP	POS	JJ	NN	NNS	IN	NNP	RB	VBD	NNS	RB	.
2	14	2	7	7	7	10	10	10	3	2	11	14	0	14	14	14

seven	big	board	stocks	--	ual	,	amr	,	bankamerica	,	walt	disney	,	capital	cities\/abc	,	philip	morris	and	pacific	telesis	group	--	stopped	trading	and	never	resumed	.
CD	NNP	NNP	NNS	:	NNP	,	NNP	,	NNP	,	NNP	NNP	,	NNP	NNP	,	NNP	NNP	CC	NNP	NNP	NNP	:	VBD	NN	CC	RB	VBD	.
4	4	4	23	23	23	23	23	23	23	23	13	23	23	16	23	23	19	23	23	23	23	25	23	0	25	25	29	25	25

the	finger-pointing	has	already	begun	.
DT	NN	VBZ	RB	VBN	.
2	3	0	3	3	3

``	the	equity	market	was	illiquid	.
``	DT	NN	NN	VBD	JJ	.
5	4	4	5	0	5	5

once	again	{	the	specialists	}	were	not	able	to	handle	the	imbalances	on	the	floor	of	the	new	york	stock	exchange	,	''	said	christopher	pedersen	,	senior	vice	president	at	twenty-first	securities	corp	.
RB	RB	-LRB-	DT	NNS	-RRB-	VBD	RB	JJ	TO	VB	DT	NNS	IN	DT	NN	IN	DT	NNP	NNP	NNP	NNP	,	''	VBD	NNP	NNP	,	JJ	NN	NN	IN	NNP	NNP	NNP	.
7	1	7	5	7	7	25	7	7	11	9	13	11	13	16	14	16	22	22	22	22	17	25	25	0	27	31	31	31	31	25	31	35	35	32	25

countered	james	maguire	,	chairman	of	specialists	henderson	brothers	inc.	:	``	it	is	easy	to	say	the	specialist	is	n't	doing	his	job	.
VBD	NNP	NNP	,	NN	IN	NNS	NNP	NNP	NNP	:	``	PRP	VBZ	JJ	TO	VB	DT	NN	VBZ	RB	VBG	PRP$	NN	.
0	3	5	5	1	5	10	10	10	6	1	1	14	1	14	17	14	19	20	17	20	20	24	22	1

when	the	dollar	is	in	a	free-fall	,	even	central	banks	ca	n't	stop	it	.
WRB	DT	NN	VBZ	IN	DT	NN	,	RB	JJ	NNS	MD	RB	VB	PRP	.
12	3	4	1	4	7	5	12	11	11	12	0	12	12	14	12

speculators	are	calling	for	a	degree	of	liquidity	that	is	not	there	in	the	market	.	''
NNS	VBP	VBG	IN	DT	NN	IN	NN	WDT	VBZ	RB	RB	IN	DT	NN	.	''
2	0	2	3	6	4	6	7	6	9	10	10	10	15	13	2	2

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	.
JJ	NN	NNS	CC	DT	NNS	VBD	RB	VBN	PRP$	NNS	RB	NNP	NN	IN	DT	JJ	NN	NN	:	IN	DT	NN	NN	VBD	RB	JJ	.
3	3	6	6	6	7	0	7	7	11	9	14	14	9	9	19	19	19	15	9	9	24	24	25	21	27	25	7

then	in	a	lightning	plunge	,	the	dow	jones	industrials	in	barely	an	hour	surrendered	about	a	third	of	their	gains	this	year	,	chalking	up	a	190.58-point	,	or	6.9	%	,	loss	on	the	day	in	gargantuan	trading	volume	.
RB	IN	DT	NN	NN	,	DT	NNP	NNP	NNS	IN	RB	DT	NN	VBD	IN	DT	JJ	IN	PRP$	NNS	DT	NN	,	VBG	RP	DT	JJ	,	CC	CD	NN	,	NN	IN	DT	NN	IN	JJ	NN	NN	.
15	15	5	5	2	15	10	10	10	15	15	14	12	11	0	18	16	15	18	21	23	23	19	15	15	25	34	32	32	32	32	34	32	25	34	37	35	25	41	41	38	15

final-hour	trading	accelerated	to	108.1	million	shares	,	a	record	for	the	big	board	.
JJ	NN	VBN	TO	CD	CD	NNS	,	DT	NN	IN	DT	NNP	NNP	.
2	3	0	3	6	7	10	10	10	4	10	14	14	11	3

at	the	end	of	the	day	,	251.2	million	shares	were	traded	.
IN	DT	NN	IN	DT	NN	,	CD	CD	NNS	VBD	VBN	.
11	3	1	3	6	4	11	9	10	11	0	11	11

the	dow	jones	industrials	closed	at	2569.26	.
DT	NNP	NNP	NNS	VBD	IN	CD	.
4	4	4	5	0	5	6	5

the	dow	's	decline	was	second	in	point	terms	only	to	the	508-point	black	monday	crash	that	occurred	oct.	19	,	1987	.
DT	NNP	POS	NN	VBD	JJ	IN	NN	NNS	RB	TO	DT	JJ	JJ	NNP	NN	WDT	VBD	NNP	CD	,	CD	.
3	3	4	5	0	5	6	9	7	11	6	16	16	16	16	11	16	17	18	19	19	19	5

in	percentage	terms	,	however	,	the	dow	's	dive	was	the	12th-worst	ever	and	the	sharpest	since	the	market	fell	156.83	,	or	8	%	,	a	week	after	black	monday	.
IN	NN	NNS	,	RB	,	DT	NNP	POS	NN	VBD	DT	NN	RB	CC	DT	JJS	IN	DT	NN	VBD	CD	,	CC	CD	NN	,	DT	NN	IN	NNP	NNP	.
11	3	1	11	11	11	9	9	10	11	0	13	17	13	17	17	11	17	20	21	18	26	26	26	26	21	21	29	30	21	32	30	11

the	dow	fell	22.6	%	on	black	monday	.
DT	NNP	VBD	CD	NN	IN	JJ	NNP	.
2	3	0	5	3	3	8	6	3

shares	of	ual	,	the	parent	of	united	airlines	,	were	extremely	active	all	day	friday	,	reacting	to	news	and	rumors	about	the	proposed	$	6.79	billion	buy-out	of	the	airline	by	an	employee-management	group	.
NNS	IN	NNP	,	DT	NN	IN	NNP	NNPS	,	VBD	RB	JJ	DT	NN	NNP	,	VBG	TO	NN	CC	NNS	IN	DT	VBN	$	CD	CD	NN	IN	DT	NN	IN	DT	NN	NN	.
11	1	6	6	6	2	6	9	7	6	0	13	11	15	11	11	11	11	18	22	22	19	22	29	29	29	26	26	23	29	32	30	29	36	36	33	11

wall	street	's	takeover-stock	speculators	,	or	``	risk	arbitragers	,	''	had	placed	unusually	large	bets	that	a	takeover	would	succeed	and	ual	stock	would	rise	.
NNP	NNP	POS	NN	NNS	,	CC	``	NN	NNS	,	''	VBD	VBN	RB	JJ	NNS	IN	DT	NN	MD	VB	CC	NNP	NN	MD	VB	.
3	3	10	5	10	10	10	10	10	13	10	10	0	13	16	17	14	17	20	21	26	21	26	25	26	18	26	13

at	2:43	p.m.	edt	,	came	the	sickening	news	:	the	big	board	was	halting	trading	in	ual	,	``	pending	news	.	''
IN	CD	RB	NNP	,	VBD	DT	JJ	NN	:	DT	NNP	NNP	VBD	VBG	NN	IN	NNP	,	``	VBG	NN	.	''
6	4	4	1	6	14	9	9	6	14	13	13	14	0	14	15	16	17	15	15	15	21	14	14

on	the	exchange	floor	,	``	as	soon	as	ual	stopped	trading	,	we	braced	for	a	panic	,	''	said	one	top	floor	trader	.
IN	DT	NN	NN	,	``	RB	RB	IN	NNP	VBD	VBG	,	PRP	VBD	IN	DT	NN	,	''	VBD	CD	JJ	NN	NN	.
15	4	4	1	15	15	15	7	7	11	9	11	15	15	21	15	18	16	21	21	0	25	25	25	21	21

several	traders	could	be	seen	shaking	their	heads	when	the	news	flashed	.
JJ	NNS	MD	VB	VBN	VBG	PRP$	NNS	WRB	DT	NN	VBD	.
2	3	0	3	4	5	8	6	5	11	12	9	3

for	weeks	,	the	market	had	been	nervous	about	takeovers	,	after	campeau	corp.	's	cash	crunch	spurred	concern	about	the	prospects	for	future	highly	leveraged	takeovers	.
IN	NNS	,	DT	NN	VBD	VBN	JJ	IN	NNS	,	IN	NNP	NNP	POS	NN	NN	VBN	NN	IN	DT	NNS	IN	NN	RB	JJ	NNS	.
6	1	6	5	6	0	6	7	8	9	7	7	15	15	17	17	18	12	18	19	22	20	22	27	26	27	23	6

and	10	minutes	after	the	ual	trading	halt	came	news	that	the	ual	group	could	n't	get	financing	for	its	bid	.
CC	CD	NNS	IN	DT	NNP	NN	NN	VBD	NN	IN	DT	NNP	NN	MD	RB	VB	NN	IN	PRP$	NN	.
9	3	4	9	8	8	8	4	0	9	10	14	14	15	11	15	15	17	18	21	19	9

at	this	point	,	the	dow	was	down	about	35	points	.
IN	DT	NN	,	DT	NNP	VBD	IN	IN	CD	NNS	.
7	3	1	7	6	7	0	7	11	9	8	7

the	market	crumbled	.
DT	NN	VBD	.
2	3	0	3

arbitragers	could	n't	dump	their	ual	stock	--	but	they	rid	themselves	of	nearly	every	``	rumor	''	stock	they	had	.
NNS	MD	RB	VB	PRP$	NNP	NN	:	CC	PRP	VB	PRP	IN	RB	DT	``	NN	''	NN	PRP	VBD	.
2	11	2	2	7	7	4	11	11	11	0	11	11	15	19	19	19	19	13	21	19	11

for	example	,	their	selling	caused	trading	halts	to	be	declared	in	usair	group	,	which	closed	down	3	7\/8	to	41	1\/2	,	delta	air	lines	,	which	fell	7	3\/4	to	69	1\/4	,	and	philips	industries	,	which	sank	3	to	21	1\/2	.
IN	NN	,	PRP$	NN	VBD	NN	NNS	TO	VB	VBN	IN	NNP	NNP	,	WDT	VBD	IN	CD	CD	TO	CD	CD	,	NNP	NNP	NNPS	,	WDT	VBD	CD	CD	TO	CD	CD	,	CC	NNP	NNPS	,	WDT	VBD	CD	TO	CD	CD	.
6	1	6	5	6	0	8	10	10	6	10	11	14	39	14	14	16	17	20	18	18	23	21	39	27	27	39	27	27	29	32	30	30	35	33	39	39	39	12	39	39	41	42	42	46	44	6

these	stocks	eventually	reopened	.
DT	NNS	RB	VBD	.
2	4	4	0	4

but	as	panic	spread	,	speculators	began	to	sell	blue-chip	stocks	such	as	philip	morris	and	international	business	machines	to	offset	their	losses	.
CC	IN	NN	NN	,	NNS	VBD	TO	VB	JJ	NNS	JJ	IN	NNP	NNP	CC	NNP	NNP	NNS	TO	VB	PRP$	NNS	.
7	7	4	2	7	7	0	9	7	11	9	13	11	15	19	19	19	19	13	21	9	23	21	7

when	trading	was	halted	in	philip	morris	,	the	stock	was	trading	at	41	,	down	3	3\/8	,	while	ibm	closed	5	5\/8	lower	at	102	.
WRB	NN	VBD	VBN	IN	NNP	NNP	,	DT	NN	VBD	VBG	IN	CD	,	RB	CD	CD	,	IN	NNP	VBD	CD	CD	JJR	IN	CD	.
11	3	1	3	4	7	5	11	10	11	0	11	12	13	12	12	18	16	12	12	22	20	24	25	22	22	26	11

selling	snowballed	because	of	waves	of	automatic	``	stop-loss	''	orders	,	which	are	triggered	by	computer	when	prices	fall	to	certain	levels	.
VBG	VBN	IN	IN	NNS	IN	JJ	``	NN	''	NNS	,	WDT	VBP	VBN	IN	NN	WRB	NNS	VBP	TO	JJ	NNS	.
2	0	2	3	3	5	11	11	11	11	6	11	11	13	14	15	16	15	20	18	20	23	21	2

most	of	the	stock	selling	pressure	came	from	wall	street	professionals	,	including	computer-guided	program	traders	.
JJS	IN	DT	NN	NN	NN	VBD	IN	NNP	NNP	NNS	,	VBG	JJ	NN	NNS	.
7	1	6	6	6	2	0	7	11	11	8	11	11	16	16	13	7

traders	said	most	of	their	major	institutional	investors	,	on	the	other	hand	,	sat	tight	.
NNS	VBD	JJS	IN	PRP$	JJ	JJ	NNS	,	IN	DT	JJ	NN	,	VBD	RB	.
2	0	15	3	8	8	8	4	15	15	13	13	10	15	2	15	2

now	,	at	3:07	,	one	of	the	market	's	post-crash	``	reforms	''	took	hold	as	the	s&p	500	futures	contract	had	plunged	12	points	,	equivalent	to	around	a	100-point	drop	in	the	dow	industrials	.
RB	,	IN	CD	,	CD	IN	DT	NN	POS	JJ	``	NNS	''	VBD	NN	IN	DT	NNP	CD	NNS	NN	VBD	VBN	CD	NNS	,	JJ	TO	RB	DT	JJ	NN	IN	DT	NNP	NNS	.
15	15	15	3	15	15	6	10	10	13	13	13	7	13	0	15	15	22	22	22	22	23	17	23	26	24	26	26	28	33	30	30	29	33	37	37	34	15

under	an	agreement	signed	by	the	big	board	and	the	chicago	mercantile	exchange	,	trading	was	temporarily	halted	in	chicago	.
IN	DT	NN	VBN	IN	DT	NNP	NNP	CC	DT	NNP	NNP	NNP	,	NN	VBD	RB	VBN	IN	NNP	.
16	3	1	3	4	8	8	13	13	13	13	13	5	16	16	0	16	16	18	19	16

after	the	trading	halt	in	the	s&p	500	pit	in	chicago	,	waves	of	selling	continued	to	hit	stocks	themselves	on	the	big	board	,	and	specialists	continued	to	notch	prices	down	.
IN	DT	NN	NN	IN	DT	NNP	CD	NN	IN	NNP	,	NNS	IN	VBG	VBN	TO	VB	NNS	PRP	IN	DT	NNP	NNP	,	CC	NNS	VBD	TO	VB	NNS	RB	.
28	4	4	1	4	9	9	9	5	9	10	28	16	13	14	28	18	16	20	18	18	24	24	21	28	28	28	0	30	28	30	30	28

as	a	result	,	the	link	between	the	futures	and	stock	markets	ripped	apart	.
IN	DT	NN	,	DT	NN	IN	DT	NNS	CC	NN	NNS	VBD	RB	.
13	3	1	13	6	13	6	12	12	12	12	7	0	13	13

without	the	guidepost	of	stock-index	futures	--	the	barometer	of	where	traders	think	the	overall	stock	market	is	headed	--	many	traders	were	afraid	to	trust	stock	prices	quoted	on	the	big	board	.
IN	DT	NN	IN	NN	NNS	:	DT	NN	IN	WRB	NNS	VBP	DT	JJ	NN	NN	VBZ	VBN	:	JJ	NNS	VBD	JJ	TO	VB	NN	NNS	VBD	IN	DT	NNP	NNP	.
23	3	1	3	6	9	9	9	4	9	10	13	11	17	17	17	18	13	18	9	22	23	0	23	26	24	28	26	28	29	33	33	30	23

the	futures	halt	was	even	assailed	by	big	board	floor	traders	.
DT	NNS	NN	VBD	RB	VBN	IN	NNP	NNP	NN	NNS	.
3	3	4	0	4	4	6	11	11	11	7	4

``	it	screwed	things	up	,	''	said	one	major	specialist	.
``	PRP	VBD	NNS	RP	,	''	VBD	CD	JJ	NN	.
8	3	8	3	3	8	8	0	11	11	8	8

this	confusion	effectively	halted	one	form	of	program	trading	,	stock	index	arbitrage	,	that	closely	links	the	futures	and	stock	markets	,	and	has	been	blamed	by	some	for	the	market	's	big	swings	.
DT	NN	RB	VBD	CD	NN	IN	NN	NN	,	NNP	NNP	NN	,	WDT	RB	VBZ	DT	NNS	CC	NN	NNS	,	CC	VBZ	VBN	VBN	IN	DT	IN	DT	NN	POS	JJ	NNS	.
2	4	4	0	6	13	6	9	7	13	13	13	4	13	13	17	15	22	22	22	22	17	17	17	17	25	26	27	28	27	33	33	35	35	30	4

(	in	a	stock-index	arbitrage	sell	program	,	traders	buy	or	sell	big	baskets	of	stocks	and	offset	the	trade	in	futures	to	lock	in	a	price	difference	.	)
-LRB-	IN	DT	NN	NN	NN	NN	,	NNS	VBP	CC	VBP	JJ	NNS	IN	NNS	CC	VBP	DT	NN	IN	NNS	TO	VB	RP	DT	NN	NN	.	-RRB-
10	10	7	7	7	7	2	10	10	0	10	10	14	10	14	15	10	10	20	18	20	21	24	18	24	28	28	24	10	10

``	when	the	airline	information	came	through	,	it	cracked	every	model	we	had	for	the	marketplace	,	''	said	a	managing	director	at	one	of	the	largest	program-trading	firms	.
``	WRB	DT	NN	NN	VBD	RB	,	PRP	VBD	DT	NN	PRP	VBD	IN	DT	NN	,	''	VBD	DT	NN	NN	IN	CD	IN	DT	JJS	NN	NNS	.
20	10	5	5	6	2	6	10	10	20	12	10	14	12	12	17	15	20	20	0	23	23	20	23	24	25	30	30	30	26	20

``	we	did	n't	even	get	a	chance	to	do	the	programs	we	wanted	to	do	.	''
``	PRP	VBD	RB	RB	VB	DT	NN	TO	VB	DT	NNS	PRP	VBD	TO	VB	.	''
3	3	0	3	3	3	8	6	10	8	12	10	14	12	16	14	3	3

but	stocks	kept	falling	.
CC	NNS	VBD	VBG	.
3	3	0	3	3

the	dow	industrials	were	down	55	points	at	3	p.m.	before	the	futures-trading	halt	.