ABS light and no power

I have a 97 2.5 Contour MTX with 193,500 miles. This morning when I came to a stop sign and tried to start moving again, the car had no power when I gave it gas (the engine didn't even rev) and the ABS light came on. After about five seconds the car was back to normal and I had no other problems. I don't know if it check engine light came on since my MIL eliminators aren't preventing the rear bank code from showing constantly. Any ideas?