Looking back - euphoria in ‘86, KZ7 and NZX

Wed, 06 Jan 2021

Part 2 – Early November 1986In early November 1986, New Zealanders were obsessed with the NZX. Market participation was huge, either individually or through the thousands of share clubs that had popped up all over the country. The market was soaring and the nation was buoyed by the success of Michael Fay’s KZ7 challenge for the America’s Cup in Fremantle, Western Australia.On Sunday, Nov. 2, Chris Dickson’s (pictured above left) KZ7 romped home against Heart of America in the first race of the second round of t...

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