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When a military-appointed constitutional court smashed the country's strongest political party at the end of last month, banning 111 Thai Rak Thai executives for political fraud, the quick reaction of many investment advisers was to say that this removed much of the uncertainty that has bedevilled the Thai market for the past two years.
With the military junta's bête noir, Thaksin Shinawatra, former prime minister, legally unmanned, it seemed to many that the worthy but dull Democrat party, would sweep into power. The country's oldest political party has similarly gained power twice in the 1990s, each time following a crisis.