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THE DAY THE
MARKETS DIED

Black Tuesday, 20 October 1987

A free Special Report on the 1980s
Sharemarket boom – and the crash
that changed everything.

What did it really feel like when
the markets collapsed? Were you
a winner or a loser? Or were you
not an investor?

  • On Tuesday, 20th October 1987, billions of dollars vanished from the New Zealand & Australian share markets in a matter of hours. In NZ $5.7 billion was lost in 4 hours and in Australia it was more than $20 billion in a single day.

    For many investors it was the day that confidence finally broke. This free report revisits that moment – not just as nostalgia, but also as history worth understanding.

    In this special report, you’ll discover:

    • What it was like to be an investor on Black Tuesday — watching share values fall minute by minute
    • How the 1980s boom really worked — leverage, revaluations, and belief masquerading as wealth
    • The role of banks, boards, accountants and media in amplifying the mania
    • Why some high-profile figures collapsed while others survived
    • Why New Zealand’s crash cut deeper — and lasted longer — than anywhere else in the world
    • The lessons of 1987 that were learned… and then forgotten

    Written in clear, compelling language, this is not a technical market report — it is a highly readable account of ambition, excess, and consequence.

    About the author

    The report is written by Henry P. Newrick, founder of the National Business Review (NBR) and former publisher of the fortnightly New Zealand Financial Review & weekly Economic News. Newrick wrote and published on business and markets during the 1980s and in this report has been revisiting the period with the benefit of hindsight, original sources, and lived experience.

    This report is a good read for:

    • Older readers who lived through the boom & bust 1970s-1980s
    • Those who invested in the share market & property during the 1970s-1980s
    • Today’s investment advisors and business owners – lessons to be learned
    • writers and historians wanting an insight into 1987

      • What Our Readers Say

      An evocative account of how mass hysteria, on the way up and down, virtually obliterated any relationship between asset values and price.”

      Judi Lenart – business owner & investor

      ”An insightful report. After the 1987 crash, property and shares collapsed, our tenants walked away, wealth vanished, businesses and homes were lost, suicides rose, and the trauma remains remembered mainly by older generations today”

      Graeme Tolhopf – Property Owner & Stock Market Investor

       

      “Thank God, somebody’s finally done it. Thank you Henry Newrick for your reporting on the social and personal mess arising from the ’87 crash. After the collapse and insanity of it all I left Auckland for the river and peace of Whanganui”

      Rod Trott – Entrepreneur

       

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